COLOMBO – July 24, 2024 – Japan has officially announced the release of funds to restart several halted development projects in Sri Lanka. The announcement was made during a special press conference held at the Ministry of Finance.
The press conference was chaired by Japanese Ambassador Misukoshi Hidayaki, JICA Sri Lanka Office Head Yamada Tetsuya, and Finance Ministry Secretary Mahinda Siriwardena. This development marks a significant step in the ongoing partnership between Japan and Sri Lanka, emphasizing Japan’s commitment to supporting the country’s development.
The release of funds will reactivate various infrastructure and development projects across Sri Lanka. These projects, which had been previously on hold, are expected to significantly contribute to the country’s economic growth and infrastructure improvement. Ambassador Misukoshi Hidayaki highlighted the strong bilateral relations between Japan and Sri Lanka and reiterated Japan’s dedication to aiding Sri Lanka’s development goals. Yamada Tetsuya from JICA outlined the specific projects that will benefit from the resumed funding and emphasized the positive impact these initiatives will have on local communities and the economy.
Finance Ministry Secretary Mahinda Siriwardena expressed deep gratitude to the Japanese government for its unwavering support. He noted that the resumed projects would enhance Sri Lanka’s infrastructure and contribute to sustainable economic development. Siriwardena highlighted the positive implications of these projects, noting that they will significantly enhance Sri Lanka’s infrastructure and contribute to sustainable economic development.
The resumption of these projects signals a renewed phase of cooperation between Japan and Sri Lanka. The projects are expected to include a variety of sectors such as transportation, energy, and urban development. Specific details about the projects and their implementation timelines are expected to be released in the coming weeks. This move by Japan underscores the importance of international partnerships in driving development and economic stability. It also reflects Japan’s strategic interest in fostering strong ties with Sri Lanka, contributing to the region’s overall stability and growth.
As the projects get underway, both countries are looking forward to the mutual benefits that will arise from this strengthened partnership. The renewed cooperation is set to bring about significant improvements in infrastructure, thereby enhancing the quality of life for many Sri Lankans and fostering greater economic opportunities.
