[Cancelled] China Eximbank commits 300 million RMB government concessional loan for Hambantota Port Development Phase II Project (link to Record ID#39024)

[Cancelled] China Eximbank commits 300 million RMB government concessional loan for Hambantota Port Development Phase II Project Based on Sri Lanka's Department of External Resources (ERD) 2012 Performance Report, EXIM Bank of China, on 17 September 2012, has signed an agreement to provide a total loan of $809.35 million to the government of Sri Lanka for phase II of the port construction in Hambantota (umbrella Record ID#33481).

According to the Sri Lanka Department of External Resources, 300 million CNY of the 1 billion CNY transaction has been cancelled.

This project captures the 300 million CNY that was cancelled, and linked Record ID#39024 captures the 700 million CNY that was used to finance the project. For the other two segments of the $809.35 million loan see projects ID #39023 and #39025. 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.