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Press briefing of Cabinet Decision taken on 2012-10-31
Rehabilitation of 24.14 km of Matara-Hakmana Road with Financial Assistance from Commercial Bank and DFCC Bank under Rehabilitation of Priority Roads with financial assistance from Local Banks
- the proposal made by H.E. the President, in his capacity as the Minister of Finance and Planning, to permit the Road Development Authority to enter into two loan agreements with the Commercial Bank and DFCC Bank to borrow two loans amounting to Rs.1,400,000,000/- and Rs.577,376,618/- respectively for the above project and for the General Treasury to issue Treasury Guarantees for same, was approved by the Cabinet.