06 Jun, 201317:58:13
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.
