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Sri Lanka to receive grant from US

26 Apr 2019

The Millennium Challenge Corporation (MCC) of the US Government has approved a grant of USD 480 million to Sri Lanka at its Board meeting held on 25 April 2019 in Washington subject to Congressional notification. On the request of the Prime Minister, Ranil Wickremesinghe, the MCC has conducted an evaluation in terms of their investment criteria and selected Sri Lanka as a qualified country to receive grant funding under their Compact Investment Program. The Ministry of National Policies, Economic Affairs, Resettlement and Rehabilitation. Northern Province Development and Youth Affairs announced in a press release that under this grant, Sri Lanka will receive USD 480 million for 3 main projects to be completed within a period of 5 years. These projects will include a special Transport Development Program covering the Colombo Metropolitan area to reduce the traffic congestion, reduce travel time, reduce traffic emission and reduce accidents combined with the Bus Transport Service Modernization program including private and public sector transport service. Source: 

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


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