The Republic of Korea is an important bilateral development partner of Sri Lanka contributing to the strategic development priorities of the Sri Lankan Government.
The Government of Korea provides concessional loans through the Economic Development Cooperation Fund (EDCF) of the Export-Import Bank of Korea. Since 1990, the EDCF of the Exim Bank of Korea has provided concessional loans as per the following Framework Arrangements signed between the Governments of the Republic of Korea and Sri Lanka.
Signed Framework Arrangements
|1||2008-2009||USD 140 million|
|2||2009-2012||USD 200 million|
|3||2012-2015||USD 290 million|
|4||2017-2019||USD 500 million|
The following Key projects have already been successfully completed under the assistance of Government of Republic of Korea.
Flagship projects implemented under the EDCF Assistance
|Se.||Name of the Project||Loan US $ Mn|
|1||Ruhunupura Water Supply project||76|
|2||Improvement of Anuradhapura – Padeniya Road (80.8Km)||66|
|3||Administrative Complex in Hambantota||20|
|4||Upgrading Niyagama National Vocational Training Centre project||10|
Framework Agreement signed for 2017-2019 is attached.