A proposal made by the Sri Lankan President Mahinda Rajapaksa as the Minister of Finance and Planning, to enter into a Framework Agreement with the government of China to obtain a loan of RMB Yuan 960 million to finance the additional cost of the first phase of the Hambanthota Port Development Project was approved by the cabinet yesterday. This was approved as the proposed project predicted economic and social benefits and generate income and employment opportunities in the area, Minister of Mass Media and Information, Keheliya Rambukwella said at a cabinet briefing.]]>


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