From: Birender Singh Yadav [mailto:cpiccolombo@gmail.

com] Sent: Tuesday, January 17, 2012 2:30 PM Subject: Regarding - Press Release on the Agreements Signed on 17.01.2012

HIGH COMMISSION OF INDIA COLOMBO ****

PRESS RELEASE

1.

MoU between Government of India and Sri Lanka for Housing Project

An MoU specifying the modalities for the next phase of the Housing Project being implemented with Indias assistance of approximately US Dollars 260 million was signed by Honble S.M. Krishna, External Affairs Minister of India and Hon. Prof. G.L. Peiris, External Affairs Minister of Sri Lanka. The MoU involves the construction of 49,000 houses, out of a total of 50,000 houses and includes inter alia reconstruction of 38,000 houses, repairs of 5,000 houses under the owner-driven model for IDPs, and construction of 6,000 houses by agencies for vulnerable sections of IDPs who are unable to build their own houses. A pilot project for construction of first 1,000 houses is already in an advance stage of completion.

2. Line of Credit of US dollars 382.37 Million between Government of India and Sri Lanka for the restoration of Northern Railway Services.

Line of Credit Agreement of US dollars 382.37 million for the restoration of Northern Railway Services was signed by Mr. T.C.A. Ranganathan, Chairman and Managing Director, EXIM Bank of India and Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning, Government of Sri Lanka. The Line of Credit will be used for track laying on the Pallai-kankesanthurai railway line, setting up of signaling and telecommunications systems for the Northern railway line and other projects as may be mutually agreed by the Governments of India and Sri Lanka.

3. Buyers Credit Agreement for US Dollars 60.69 million between EXIM Bank of India and Government of Sri Lanka

Buyers Credit Agreement for US dollars 60.69 milllion was signed by Mr. T.C.A. Ranganathan, Chairman and Managing Director , EXIM Bank of India and Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning, Government of Sri Lanka for financing Greater Dambulla Water Supply Project for supply, erection and commissioning of water treatment plant and distribution across Dambulla region in Sri Lanka.

4. MoU between Government of India and Sri Lanka on cooperation in the field of Agriculture.

An MoU on cooperation in the field of Agriculture was signed by H.E. Mr. Ashok K. Kantha, High Commissioner of India and Mr. W. Sakalasooriya, Secretary, Ministry of Agriculture, Government of Sri Lanka. Under the MoU, both sides shall promote development of cooperation in the fields of agricultural science and technology, agricultural production and agro-processing through joint activities, programmes, exchange of scientific materials, information and personnel. The cooperation will be effected through biennial work Plans and joint activities.

5. MoU between Telecom Regulatory Authority of India (TRAI) and Telecommunication Regulatory Commission of Sri Lanka (TRCSL)

An MoU was signed by Dr. J.S. Sarma, Chairman, Telecom Regulatory Authority of India (TRAI) and Mr. Anusha Palpita, Director General, Telecommunication Regulatory Commission of Sri Lanka (TRCSL). The MoU provides for establishing a mechanism of technical and institutional cooperation in the field of telecommunications, with the purpose of development of telecommunications in both the countries particularly in the areas of technological developments, universal access to telecommunication services, oversight of service provision, convergence, next generation networks, new technologies, spectrum issues, green telecom, number portability, economic regulation, ICTs for development and other issues as may be mutually agreed.

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Colombo 17.01.2012