John Keells Holdings told shareholders in a quarterly report that the group’s logistic unit and USAID will spend 400 million building the cold chain to carry produce from the north and east of Sri Lanka.
A ‘cold chain’ involves cooled storage facilities and refrigerated trucks to transport perishables.
A 30-year war ended in the region in 2009. The region is a rich agricultural producer. The area’s fisheries were also restricted due to the war, but fishing restrictions have since been lifted.
USAID has been active in promoting high value agriculture and dairy in the areas, working to build links between local business groups and farmers.