Press briefing of Cabinet Decision taken on 2012-08-29 |
Rehabilitation of Priority Roads with the Utilization of Financial Assistance from the Local Banks - Financial Assistance from Commercial Bank of Ceylon PLC for the rehabilitation of 19.05 kilometers of Galagedara -Horana Road Section - the proposal made by H.E. the President, in his capacity as the Minister of Finance and Planning, to authorize the Road Development Authority to enter into a loan agreement with the Commercial Bank of Ceylon to borrow a loan of Rs.1,393,613,193, to be utilized for the rehabilitation of 19.05 km. of Galagedara - Horana Road Section, was approved by the Cabinet. |