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India continues to help SL's crippled railway, completes projects worth over $1bn

As the only creditor to continue to help Sri Lanka's crippled Railway, India has completed projects worth over $1 billion with five Indian Lines of Credit (LoC), the Indian High Commission announced on Thursday.Continuing its support to the . ....

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Line of Credit: Bangladesh, India again stress accelerating fund release

$1.489 billion (20%) out of $7.362 billion announced under Indian LoC was released in 13 years 6 projects have been dropped from the LoC list in the last 3 years Obstacles to project implementation: Requirement of sourcing 75% of construction materials from India Indian authorities delay approvals at various stages from preparation of tender documents to appointment of ....

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