Laugfs Terminals seeks USD42.6Mn funding from People’s Bank

laugfs lpg

Mar 29, 2017 (LBO) – Sri Lanka’s Laugfs Terminals Limited will borrow 42.6 million US dollars from People’s Bank for the construction of its gas terminal in the Hambantota port, a statement said.

“Laugfs Terminals Limited will get a corporate guarantee from the listed Laugfs Gas PLC for the amount of the loan,” the company, a unit of Laugfs Holdings group, said in a stock exchange filling.

The expected full cost of the liquid petroleum gas terminal will be 71.5 million US dollars and will have a capacity of 30,000 metric tonnes.