Sri Lanka, Japan agree to resume stalled projects such as light rail
The Hindu
Colombo and Japan to resume $1.5 billion rail project, improving relations after Sri Lanka-China ties.
Sri Lanka and Japan agreed on Saturday to work to resume stalled bilateral projects including a $1.5 billion Japan-funded light rail project.
The two nations announced the agreement during a visit to the South Asian island nation by Japanese Foreign Minister Yoko Kamikawa.
Sri Lanka pulled out of the rail project in 2020, leading to a cooling of relations, when it was moving closer to China under the then-president, followed by a financial crisis.
The Sri Lankan cabinet in July gave approval for President Ranil Wickremesinghe to decide on the appropriate time frame to reactivate the projects with Japan.
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