The Government of Germany has pledged to convert a 13 million Euro Loan into a Grant to complete the construction of the New Maternity Hospital (Teaching) in Galle.
Issuing a statement, the Ministry of Finance said the German Government has proposed to convert the supplementary loan obtained from the German KfW bank for this purpose into a grant.
Accordingly, Secretary to the Ministry of Finance, Mr. S R Attygalle, Head of Division, Health and Social protection Asia from KfW Development Bank Ms. Martina Koch and Senior Project Manager, Health and Social protection Asia from KfW Development Bank Ms. Annika Unterpertinger signed a Grant Agreement amounting to Euro 13 million in Colombo today (03).
The agreement has been signed with an aim to strengthen the long-standing close partnership between the Government of Germany and the Government of Sri Lanka.
Mahamodara Maternity Hospital, which was seriously damaged due to the Tsunami disaster is being reconstructed with financial assistance from the German Government through its KfW Bank.
KfW had initially extended a loan of Euro 28 million to complete the reconstruction work of the hospital which was initiated by a grant from the Helmut Khol Foundation.
While construction was going on, KfW extended a supplementary loan of Euro 13 mn in 2017 to cover the additional requirements of the hospital.
The project targets to provide Maternity and Gynecology health care services to the female population of the Southern Province by reconstructing the hospital with 600-bed maternity care facilities and 800 patients’ treatment facilities at the Out Patient Department (OPD) and clinics. (NewsWire)