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60+million+dollar+Saudi+grant+for+road+development
Wednesday, 31 October 2012 - 10:45
60 million dollar Saudi grant for road development
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The Saudi Fund for Development has agreed to grant a financial allocation worth 60 million dollars for the development of Sri Lanka's road network.

The agreement in this regard was signed by International Monetary Corporation Senior Minister Dr. Sarath Amunugama and Saudi Arabian Financial Minister and Saudi Fund For Development Director Board Chairman Dr. Ibrahim Al Assaf in the presence of President Mahinda Rajapaksa at Temple Trees yesterday.

The loan will be invested to develop 144 kilometres of six main roads.

The entire project is to be completed by 2014.
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