China grants Sri Lanka 500 million yuan to improve bilateral relations

¥500K RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Sri Lanka
Country	Sri Lanka
Start Date	Apr 07, 2016
End Date	Jan 27, 2029
Duration	4,678 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`52321`

Grant Description

During the Sri Lankan Prime Minister's visit to China in April 2016, China granted Sri Lanka 500 million yuan in aid to boost bilateral relations.

📋 Staff Comments

Other details of this grant were not found during stage 2. But during this 2016 meeting between Sri Lanka and China prime ministers, a contract was signed for the construction of Colombo Port City Project (Project #33431). Therefore it is possible that these two projects are related.

📚 Sources & References

CHINA TO GRANT 500M. YUAN TO SL
CHINA TO GRANT 500M. YUAN TO SL
China grants 500mn Yuan symbolizing Sino-Lanka friendship
Handing over Hambantota to the Chinese on a platter!
Sri Lanka backs Chinas One Road
One Belt plan Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.