AIIB approves $52m loan for Sri Lanka’s Kerawalapitiya-Port L transmission line
The Asian Infrastructure Investment Bank (AIIB) will provide $52m in sovereign-backed financing to Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, aimed at strengthening renewable energy integration and grid stability in the Greater Colombo area. The project covers the end-to-end delivery of a 220kV single-circuit underground cable system, including design, procurement, construction, testing, and commissioning. It will connect the Kerawalapitiya Switching Station with the Colombo Port L Grid Substation and complement the…