November 27, 2024
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    Local Banks funds 34 water supply projects

    October 25, 2015

    The Sri Lakan government has taken steps to implement 34 Water Supply Projects with a cost of Rs. 39.19 billion using funds from local banks.

    Prime Minister Ranil Wickremesinghe as the Minister of National Policies and Economic Affairs, submitted a proposal to the Cabinet to issue a Treasury Guarantee to the Bank of Ceylon for obtaining the loan amount of Rs. 1,159 million for the implementation of the Towns East of Colombo – Package II Water Supply Project. This proposal was approved by the Cabinet of Ministers.

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