Sri Lanka has announced it is to receive a SL Rupees 75 million ($2.4m) grant from South Korea to develop its aquaculture sector.
The move comes as a result of discussions held by fisheries and aquatic resource state minister Dilip Vedarachchi, with the Korean ministry of ocean and fisheries, said the Sri Lankan government.
Korea’s National Federation of Fisheries Cooperatives has agreed to donate two fisheries technical colleges in the south and the north of Sri Lanka.
In addition, South Korea has agreed to construct multipurpose fisheries harbors, intended for Udappuwa, Chalai, Madagal, Delft and Tangalle.
They have agreed to do the feasibility studies, as well as the planning, free of charge, and a high level team will be in Sri Lanka next week, the country said.