Cabinet last week approved a Finance Ministry proposal to obtain a loan of US $ 1.85 billion from JICA for the Colombo Light Rail Project, a 17-km long elevated railway line from Colombo Fort to Malabe, at a concessionary interest rate of 0.1%, repayable within 40 years with a 12-year grace period.
The Government official news portal is maintains by the New Media Unit of the Department of Government Information and it was titled "news.lk" and commenced in mid1996 and release to Internet from March 01st, 1997.
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