India has signed pact with which neighboring country to provide $318 million as line of credit for railway projects?

Question

India has signed an agreement with Sri Lanka to provide fresh assistance of $318 million credit line to develop the island nation’s railway sector. The agreement was signed in Colombo, Sri Lanka on June 6, 2017. India has already provided four Lines of Credit for the development of railway sector in Sri Lanka through its EXIM bank amounting to approximately $966 million. These credit facilities have been utilized to improve the Southern and Northern railway lines and for the procurement of rolling stocks for the Sri Lanka Railways.

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Sri Lanka India has signed an agreement with Sri Lanka to provide fresh assistance of $318 million credit line to develop the island nation’s railway sector. The agreement was signed in Colombo, Sri Lanka on June 6, 2017. India has already provided four Lines of Credit for the development of railway sector in Sri Lanka through its EXIM bank amounting to approximately $966 million. These credit facilities have been utilized to improve the Southern and Northern railway lines and for the procurement of rolling stocks for the Sri Lanka Railways.

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