$33m funding from Kuwait Fund for Arabic Economic Development for SL university

Srilankan1

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  • May 14, 2008
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    ලංකාවේ අපේ ලංකාව
    Cabinet approval has been granted for the construction of a medical faculty at the University of Moratuwa using funds from Kuwait.

    SL-Kuwait.jpg


    The Government said Cabinet approval had previously been granted for the construction of the medical faculty.

    The Kuwait Fund for Arabic Economic Development has now agreed to finance the project.

    Thereby, the Cabinet has granted approval to the proposal presented by the Minister of Finance to enter into a relevant agreement with the Kuwait Fund for Arabic Economic Development.

    The agreement will see Sri Lanka obtaining Kuwait Dinar 10 million (approximately USD 33.2 million) for the proposed project.
    (NewsWire)