Sri Lankan government secures soft loan worth millions of Euros from Austria
The Sri Lankan government has received interest free soft loans from the Austrian government amounting to 19.35 million Euro (Rs. 3,546 million) to upgrade the Katunayaka Engineering Technology Institute and to obtain 100 ambulances for state hospitals.
The loan facility will be provided through Raiffeisen Bank of Austria and will set aside 9.85 million Euro to procure 100 ambulance cars for state hospitals and another 9.5 million Euro for upgrading the Institute of Engineering Technology, Katunayake.
Under the ambulance car project 100 ambulances will be given to selected hospitals with lifesaving equipment.
The project on enhancing and upgrading of Institute of Engineering Technology, Katunayake will reportedly result in the upgrading of the existing workshops and provide latest equipment facilitating to increase the student intake up to 500 by 2020 of the Institute.
The agreement in this regard was signed at the Finance Ministry in the presence of the Deputy Commercial Counsellor of the Austrian Embassy Siegfried Weidlich.
The Austrian soft loans have resulted in the opening up of an opportunity for the supply of 100 ambulances to the Sri Lankan government. There is also an opportunity to upgrade the Institute of Engineering Technology, Katunayake.
|Article Code :||VBS/AT/04122017/Z_5|