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Sri Lanka seeks $1 billion loan from China amid debt woesCOLOMBO, Sri Lanka (AP) — Sri Lanka is negotiating a $1 billion loan from China to construct a highway linking the capital Colombo to the hilly resort city of Kandy, even as the heavily-indebted South Asian island nation makes arrangements to pay down $5.9 billion in foreign loans this year. Finance Ministry spokesman M.R. Hasan said Saturday that he's waiting to hear whether terms of the loan for the highway project have been approved. A large chunk of Sri Lanka's foreign debt is from China, which sees Sri Lanka as a key link in its transcontinental Belt and Road infrastructure initiative. Sri show me Gillian Anderson bikini This is China's plan with the One Belt One Road initiative, take over critical infrastructure in many countries neighboring China. They are taking over countries. Will prove to be a very costly loan for Sri Lanka.
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