Additional Financing Assistance from Saudi Fund for Development (SFD)
Saudi Fund for Development (SFD) had fielded a mission in Sri Lanka during 27th February to 1st March 2019 to review the progress of SFD funded projects. During the mission, SFD officials had project review discussions on following SFD funded projects,
- Epilepsy Hospital and Health Centers Project
- Kalu Ganga Development Project
- Road Network Development Project
- Badulla – Chenkaladi Road Improvement Project
- Left Bank Development Project in Kalu Ganga
- Wayamba University Township Development Project
Further, SFD has agreed to provide Saudi Riyal 187.5 million (USD 50 Million) for the Establishment of Medical Faculty for the University of Sabaragamuwa and Loan Negotiation will be held on April this year. The proposed project will increase the opportunity for talented advanced Level qualified students to enter the National University system.
Since, there is a continued close collaboration and very cordial partnership between two countries, SFD has agreed to provide more financial assistance to enhance the economic development of Sri Lanka by implementing development projects for the benefit of the people of Sri Lanka.