South Korea signs MOU to assist in $63 billion Colombo development project
The government of South Korea has entered an agreement with Sri Lanka to develop the southern capital of Colombo and adjacent areas as part of a potential $63.2 billion development plan reports adaderana.lk.
The agreement forms part of Sri Lanka’s $63.2 billion plan to develop nine new zones in Colombo and its adjacent areas by 2030.
South Korea’s Minister of Land, Infrastructure and Transport Kang-Ho-in signed a memorandum of understanding with his counter-part from Sri Lanka during a meeting in Seoul on Tuesday.

