<p>Sri Lanka Finance Minister, Mangala Samaraweera, has stated that he is currently in discussion with a Chinese-backed Asian Infrastructure Development Bank for a loan of up to a billion US dollars.</p>
<p>In parliament, Samaraweera said he was "in talks with AIIB for close to a billion US dollars in funds for the power sector and highways development,"</p>
<p>The Chinese-backed bank has already confirmed it will provide 280 million US dollars for Colombo Urban Development and a project for landslide protection.</p>