Sri Lanka’s Finance Ministry receives financial assistance from Rabobank of Netherlands to construct bridges
The Finance and Economic Affairs Ministry of Sri Lanka has received a pledge from the Rabobank of Netherlands to provide 52.1 million euro financial assistance to construct approximately 250 steel bridges island wide especially in the rural areas.
Finance and Economic Affairs Ministry Secretary, S. R. Attygalle has reportedly signed this Credit Facility Agreement at the Ministry of Finance.
The Sri Lankan Government has accorded high priority for connectivity improvement within the country, with a view to providing full benefits to the remote villages from mainstream development activities in the country, the Ministry has stated.
Accordingly, the Government is planning to construct 4000 bridges in rural areas to establish connectivity for transportation.
The local media has reported that a large number of lagging villages will be connected with transport facilities through this project, which will in turn facilitate easy access to market, education and healthcare facilities to villagers.
The project is to be implemented by the Ministry of Provincial Councils, Local Governments and Sports.
OSL take:
The announcement of the agreement signed between Sri Lanka’s Finance Ministry and the Rabobank of the Netherlands for a project to construct steel bridges indicates the opening up of a business opportunity in the country’s ongoing development programme. The Sri Lankan government is engaged in the development of the rural road network and connectivity. Hence, there are many projects in the roads and highways sector in Sri Lanka with most programmes having secured foreign funding lines. Therefore, foreign businesses could seriously explore business opportunities in Sri Lanka’s roads and highways sector.
| Article Code : | VBS/AT/20181128/Z_4 |