Road Finance

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

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. 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.

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