Iranian President Ebrahim Raisi has arrived in Sri Lanka to inaugurate a hydropower and irrigation project that was long delayed due to international sanctions on his government and other issues. The project, valued at $514 million, was started in 2010 by an Iranian engineering group and Iran initially provided $50 million.
FILE- Iran ian President Ebrahim Raisi places his hands on his heart as a gesture of respect to the crowd during the funeral ceremony of the victims of Wednesday’s bomb explosion in the city of Kerman about 510 miles southeast of the capital Tehran, Iran , Jan. 5, 2024. Raisi arrived in Sri Lanka on Wednesday to inaugurate a hydro-power irrigation scheme that had long been delayed due to international sanctions.
The project, valued at $514 million, was started in 2010 by Iran’s FARAB engineering group and Iran initially provided $50 million. But in 2013, funding could not be continued because of international sanctions against Iran. The Sri Lankan government then decided to complete the project with its own funds using the same Iranian contractor.
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