LITRO commences settling WB debt

Date:

The state-run LITRO Gas Company said it commenced the repayment for the credit facility provided by the World Bank for uninterrupted gas supply.

LITRO Chief Muditha Peiris told media that by September a sum of Rs. 6.5 billion was settled to the General Treasury and by October, a sum of Rs 08 billion will be repaid.

Accordingly, the total credit facility of US $ 70 million (LKR 26 billion) will be repaid to the General Treasury by December this year, said the state-run gas distributor’s Chief.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Dairy Industry Slumps Despite Surging Demand  Milk Farmers Face Crisis

The Sri Lankan dairy industry is at a crossroads....

Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...