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

Ceylon Tea Enters Biotechnology 4.0 Era with New Botanical Extraction Facility

Sri Lanka’s globally renowned Ceylon Tea industry is poised...

Sri Lanka Begins Stakeholder Consultations to Ratify UN Convention Against Cybercrime

Sri Lanka has taken a major step toward strengthening...

CDC Issues Level 2 Travel Health Notice for Sri Lanka Over Chikungunya Surge

The U.S. Centers for Disease Control and Prevention (CDC)...

Transport Minister Announces Reforms to Improve Services at Werahera Motor Traffic Department

Minister of Transport, Highways and Urban Development Bimal Rathnayake...