MOHAMMED RASOOLDEEN
COLOMBO: Under the patronage of Sri Lankan Prime Minister Mahinda Rajapaksa, the CEO of the Saudi Development Fund, SFD, Sultan bin Abdul Rahman Al-Murshed laid the foundation stone for the Sri Lanka Wyamba University development project which includes a medical faculty.
The Rs 5.6 billion,($28 million) project is fully funded by the SFD and the project contributes to support education and learning opportunities for some 5000 students annually.
The estimated cost of the project is US$28 million. The Saudi Fund for Development has agreed to provide the sum as a concessional loan.
This project is being implemented at the Kuliyapitiya and Makadura Campuses of the North Western University.
Rs.1,942 million is expected to be spent for the Kuliyapitiya Campus and Rs.1,973 million for the Makadura Campus while another Rs.262 million has been allocated for the purchase of equipment for the existing faculty building complex.
The visiting Saudi delegation is led by the SFD CEO Sultan bin Abdul Rahman Al-Murshed which arrived in Colombo on Monday, December 27. On arrival, Al-Murshed was received by the Saudi Ambassador in Colombo Abdulnasser Al-Harthi and finance ministry officials.
On Tuesday, Al-Murshed, will inaugurate the project “Improvement of Peradeniya-Badulla-Chenkaladi Road.” and will also lay the foundation stone for the project. The CEO is also expected to sign a few MOUs with Colombo government to expand the areas of cooperation between the two countries, the statement added.
The project is coordinated by the ministry of finance and the SFD through the Saudi mission in Colombo headed by Al-Harthi
