Sri Lanka’s government are in advanced negotiations with various agents – helping the government to secure large scale facilities. The biggest of these was an attempt to raise USD 2,500 Million or USD 2.5 Billion to fund the energy security requirements for fuel.
A cabinet appointed Procurement Committee has studied the proposals and a decision has been made to further negotiate the terms on obtaining the loans. The offers have been made to obtain the loans from US and European insurance and pension funds.
