Netherlands’ Rabobank loans euro 52.1mn for construction of steel bridges

The Rabobank of Netherlands has agreed to provide euro 52.1 million financial assistance to construct approximately 250 steel bridges islandwide, especially in the rural areas. 

Finance and Economic Affairs Ministry Secretary S.R. Attygalle signed this credit facility agreement yesterday, at the ministry premises.

The government has accorded high priority for connectivity improvement within the country with a view to providing full benefits to the remote villages from mainstream development activities in the country. 

Accordingly, the government is planning to construct 4,000 bridges in rural areas to establish connectivity for transportation.

This project will be implemented by the Provincial Councils, Local Governments and Sports Ministry.