IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Mar 2016 | Removal date: open ended
Still in force

Trade finance

On March 25, 2016, a 45.428 billion yen ($401 million USD) loan agreement was signed with the Government of Sri Lanka by the Japanese International Cooperation Agency (JICA) for the Bandaranaike International Airport Improvement Project. This loan will be part of the Japanese International Cooperation Agency's STEP program which implies that the loan will go towards providing Sri Lanka with Japanese sourced technology, passenger terminals, solar power generation systems, energy-saving technology (such as LED lighting), civil engineering works, equipment, materials, as well as consulting and services necessary for airport facilities.

Special Terms for Economic Partnership (STEP)
A stipulation in JICA ODA loan agreements is the utilization of advanced Japanese technologies and the employment of Japanese firms in overseas projects.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850239 Other
469 Other electrical equipment & parts
8531 Electric sound or visual signalling apparatus (for example, bells, sirens, indicator panels, burglar or fire alarms), other than those of heading 85.12 or 85.30.
853120 Indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LED)
532 Civil engineering works
541 General construction services of buildings
542 General construction services of civil engineering works
831 Management consulting & management services; ITC services

Please report this page in case you detect an inaccuracy in its content.