India commits Indian Rs 5,000 crore to Sri Lanka

India commits Indian Rs 5,000 crore to Sri Lanka

June 14, 2010   02:52 pm

The Indian government has committed Indian Rs 5,000 crore towards reconstruction and rehabilitation of internally displaced Tamils in war torn Sri Lanka, Union Home Minister P Chidambaram said.  

 

 

Speaking at a consultative meeting held at Satyamurthy Bhavan on the Centenary celebrations of Congress stalwart Kakkanji, Chidambaram said the value of the pacts that were inked between Indiaand Sri Lankaduring the recent visit of Lankan president Mahinda Rajapaksa was to the tune of Rs 5,000 crore.

 

 

“We have agreed to provide Rs 3,500 crore loan to Sri Lankaat a negligible rate of interest. The loan is repayable over 20 years,” he said. The Central government would reconstruct railway tracks besides building new railway routes in Sri Lanka. “We have come forward to open up a consulate in Jaffnasoon,” he noted.

 

 

Earlier, after discussions with Chief Minister M Karunanidhi, Chidambaram told reporters that he apprised him on the pacts that were inked during the visit of Rajapaksa. Indiahas agreed to give Rs 1,000 crore to Sri Lanka to build 50,000 houses (each house costing Rs 2 lakh) benefiting the war displaced Tamils.  “Both the governments are studying the modalities of giving the money directly to the family heads through banks with the assistance of the Sri Lankan government,” he said.

 

 

As regards the 57,000 persons in camps, he said Rajapaksa had committed to settle them in their hometowns soon. The Union government has urged Sri Lankato bring suitable amendments in its legal framework facilitating devolution of powers to the minority Tamils. The aid that is being channelled to the island nation would be monitored.




ENS



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