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Sri Lanka Water-Supply System Being Built With Ex-Im Bank Aid

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July 25 (Bloomberg) -- The Export-Import Bank approved almost $65 million in U.S. financing for Sri Lanka to build and design a water-supply system from Pasadena, California-based Tetra Tech Inc. to provide more drinking water for the country.

The project for the Badulla, Haliela and Ella areas of Sri Lanka will include a new dam, upgraded water treatment plants, storage tanks, pumping stations and transmission and distribution pipelines, Ex-Im Bank said in a statement. About 400 U.S. jobs will be supported by the transaction, it said.

“Not only does this transaction stimulate U.S. job creation but it also contributes directly to the quality of life in Sri Lanka,” Ex-Im Bank Chairman Fred Hochberg said in a statement. “This project will bring potable water to thousands of those who need it.”

Link to Company News:{TTEK US <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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