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South Korea boosts by massive 60% the funding for new Sri Lanka Ocean University

Asian Tribune, Sri Lanka, 30 September 2019 - The initial outlay on Sri Lanka’s largest vocational skilling project announced on 28 August has now increased by a huge 60% from its first value. “Due to some important revisions and re-assessments on ground, the project value has been boosted by another US $ 30 Mn to total at US $ 80 Mn.

This is a very large project” announced Daekyoo Park, the Country Director of Korea Exim Bank EDCF Colombo Office on 26 September.

Country Director Park, who was leading his team to discuss about various cooperation projects by South Korea in Sri Lanka, was addressing the Sri Lankan Minister of Industry, Commerce, Resettlement of Protracted Displaced Persons, Cooperative Development, Skills Development & Vocational Training (ICTPDPCDSDVT) Rishad Bathiudeen during the review meeting held at Colombo’s Industry and Commerce Ministry on 26 September.

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Source: http://www.asiantribune.com/node/93096

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