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USD 280 Mn loan from China

For the purpose of ‘Colombo Urban Regeneration Project’ and ‘Reduction of Landslide Vulnerability by Mitigation Methods Project has received approval from Asian Infrastructure Investment Bank (AIIB) for a value of USD 280 million.

Of this loan 200 million will be for the beautification of Colombo and the rest for landslide reduction. These projects will be implemented by the Urban Development Authority (UDA) and the National Building Research Organization (NBRO)

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