Road Finance

June 6, 2013 (LBO) – Sri Lanka’s state-run Bank of Ceylon will finance 48.2 kilometre road at a cost of 3,915 million rupees, the state information office said. The cabinet of ministers had given the nod for the proposal by the ministry of finance to enter into a loan agreement with the bank.

The road will be built by Road Development Authority.

The RDA has borrowed from both state and private banks to finance road building under a Treasury guarantee.