Japan explores to revive key infrastructure projects in Sri Lanka
Ranil Wickremesinghe and Foreign Minister of Japan Hayashi Yoshimasa have discussed several Japanese-funded projects such as the Light Rail Transit (LRT), the East Terminal, the Kandy Development Plan, Central Highway, and the expansion of the Bandaranaike International Airport. Both countries expressed the importance of expediting the implementation of these projects, the President’s Media Division (PMD) said following the meeting over the last weekend.
The two sides bilateral, regional, and global issues, emphasizing their shared commitment to maintaining the region as a peaceful and stable area. India and Japan are planning to undertake joint projects to boost infrastructure in the island nation.
Wickremesinghe also highlighted the investment opportunities in Sri Lanka's high-tech industries, envisioning a transformation from a labour market-oriented economy to one that caters to cutting-edge technological advancements. Wickremesinghe also expressed his gratitude to the Japanese Government for their support in the debt restructuring process and shared details of French President Emmanuel Macron's offer, aiming to play a pivotal role in enhancing the common platform for debt restructuring and expediting the process.
Japanese Foreign Minister Hayashi Yoshimasa visited Sri Lanka over the last weekend. During his stay, he also engaged in discussions on bilateral relations with Wickremesinghe, Prime Minister Dinesh Gunawardena, and his Sri Lankan counterpart, Minister Ali Sabry.
. Read more on economictimes.indiatimes.com
