China Development Bank (CDB) Corporation will lend US$580 million (S$732 million) to Sri Lanka to help implement key infrastructure projects, a government document released on Wednesday showed, according to a Reuters news agency report.The loan will bring CDB’s total lending to Sri Lanka to more than US$1.4 billion. China’s increasing influence in the island nation has stoked concerns in neighbouring India. According to the document, US$300 million of the loan will be spent on developing roads and US$200 million on water supply projects, with the rest going to the national business school. It said CDB had already extended US$652 million for road development projects and US$214 million for an irrigation project.
The military officer who was arrested over an attack on his wife recently has been remanded till September 9 by the Kaduwela Magistrate.Lieutenant Colonel Pradeep Kumara Nettasinghe was arrested over the incident where his wife was shot at in Athurugiriya by an unidentified group. The woman was admitted to hospital for treatment with gunshot wounds.(Colombo Gazette)