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Five Indo-Lanka MoUs signed



The governments of Sri Lanka and India yesterday finalized five agreements at the External Affairs Ministry, Colombo.


MoU for Housing Project


 An MoU specifying the modalities for the next phase of the Housing Project being implemented with India’s assistance of approximately $ 260 million was signed by Indian External Affairs Minister S. M. Krishna and his Sri Lankan counterpart Prof. G. L. Peiris.  The MoU involves the construction of 49,000 houses, out of a total of 50,000 houses and includes inter alia reconstruction of 38,000 houses, repairs of 5,000 houses under the owner-driven model for IDPs, and construction of 6,000 houses by agencies for vulnerable sections of IDPs who are unable to build their own houses.  A pilot project for construction of first 1,000 houses is already in an advance stage of completion.


$ 382.37 mn credit line for the restoration of Northern Railway Services


Line of Credit Agreement of $ 382.37 mn for the restoration of Northern Railway Services was signed by T. C. A. Ranganathan, Chairman and Managing Director, EXIM Bank of India and Dr. P. B. Jayasundera, Secretary, Ministry of Finance and Planning, Government of Sri Lanka.  The Line of Credit will be used for track laying on the Pallai-kankesanthurai railway line, setting up of signaling and telecommunications systems for the Northern railway line and other projects as may be mutually agreed on by the Governments of India and Sri Lanka.


Buyer’s Credit Agreement for $ 60.69 mn between EXIM Bank of India and Sri Lanka


Buyer’s Credit Agreement for $ 60.69 mn was signed by T.C.A. Ranganathan, Chairman and Managing Director, EXIM Bank of India and Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning, Government of Sri Lanka for financing Greater Dambulla Water Supply Project for supply, erection and commissioning of water treatment plant and distribution across Dambulla region in Sri Lanka.


MoU on cooperation in the field of Agriculture


An MoU on cooperation in the field of Agriculture was signed by High Commissioner of India Ashok K. Kantha and W. Sakalasooriya, Secretary, Ministry of Agriculture, Government of Sri Lanka. Under the MoU, both sides shall promote development of cooperation in the fields of agricultural science and technology, agricultural production and agro-processing through joint activities, programmes, exchange of scientific materials, information and personnel. The cooperation will be effected through biennial work Plans and joint activities.


MoU between Indo-Lanka Telecom bodies


An MoU was signed by Dr. J.S. Sarma, Chairman, Telecom Regulatory Authority of India (TRAI) and Anusha Palpita, Director General, Telecommunication Regulatory Commission of Sri Lanka  (TRCSL). The MoU provides for establishing a mechanism of technical and institutional cooperation in the field of telecommunications, with the purpose of development of telecommunications in both the countries particularly in the areas of technological developments, universal access to telecommunication services, oversight of service provision, convergence, next generation networks, new technologies, spectrum issues, green telecom, number portability, economic regulation, ICTs for development and other issues as may be mutually agreed.


 
 
 
 
 
 
 
 
 
 
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