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Tuesday, 28 November 2017 - 16:00
Rs. 3,546mn soft loan from Austria
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Austrian has extended an interest-free soft loan of Rs. 3546 million to Sri Lanka.
 
The funds will be utilized to upgrade the Katunayaka Engineering Technology Institute and obtain 100 ambulances for government hospitals.
 
This loan facility is provided through Raiffeisen Bank of Austria.
 
Under this plan, the Institute of Engineering Technology, Katunayake will be upgraded with the latest equipment.
 
The student intake will be increased up to 500.
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