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. 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.