Sri Lanka's Bank of Ceylon to finance Rs 3.9 bn road

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.



  • Digg
  • Del.icio.us
  • StumbleUpon
  • Reddit
  • Twitter
  • RSS

0 Response to "Sri Lanka's Bank of Ceylon to finance Rs 3.9 bn road "

Post a Comment