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Road Finance

Mar 06, 2013 (LBO) - A 27 kilometre stretch of a in Sri Lanka's central hills running from Haputale, Boralanda will built by a domestic contractor with finance from Hatton National Bank, the state information office said.
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The cabinet of ministers had approved a proposal to build the road with bank finance under a scheme where over 600 kilometres of roads will be built under a 500 dollar loan scheme from commercial banks under Treasury guarantee.

The contract to build the road had been given to Consulting Engineers and Contractors (Pvt) Ltd, for 2,445 million rupees.

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The external resources department of the ministry of finance will negotiate terms of the loan.

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