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Economy, Geostrategy

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Saudi Fund invests in education, road projects in Lanka

Saudi Fund for Development (SFD) has started transport and education projects in Sri Lanka.
By TRENDS Desk
December 29, 2021 2:09 pm
  • The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death and injury rates resulting from traffic accidents
  • The Fund will also invest USD28 million to support education opportunities for more than 5,000 students each year and increase the quality of education

Saudi Fund for Development (SFD) has started transport and education projects in Sri Lanka.

The transport project is about improving the  Peradeniya-Badulla-Chenkalady Road in Lanka.

The SFD is investing USD60 million  to develop the infrastructure of the transport sector to reduce death and injury rates resulting from traffic accidents and traffic congestion. The scheme is expected to serve more than three million beneficiaries.

Prime Minister of Sri Lanka Mahinda Rajapaksa and CEO of the Saudi Fund for Development (SFD) Sultan Abdulrahman Al-Marshad also laid the foundation stone for the development of the campus of Wayamba University, funded by the SFD with a total cost of USD28 million. The scheme will support education opportunities for more than 5,000 students each year and increase the quality of education.

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