BOC supports Rs. 3.9 b rehabilitation of Bodagama-Hambegamuwa-Kaltota Road

Friday, 12 July 2013 04:37 - - {{hitsCtrl.values.hits}}

Bank of Ceylon, the largest Government owned commercial bank of the country, signed a financing agreement with the Road

Development Authority (RDA) for the rehabilitation of the Bodagama-Hambegamuwa-Kaltota (B528) to revamp the 48 km road for an investment of Rs. 3,915 m. This project is facilitated through leading infrastructure development provider Maga Engineering Ltd. This project is expected to commence shortly and is scheduled to be completed within 30 months. The development of the road will offer the residents in the area a better transportation solution paving avenues for more investment opportunities and the overall evolution of towns and villages for future generations to come. Bank of Ceylon being the catalyst of the development of the country has made long term funding of various infrastructure projects such as road development and water projects in line with the ‘Mahinda Chinthana’ vision of rebuilding the future. Bank of Ceylon is the highest contributor to the development of the road network through RDA with an investment of staggering Rs. 25 billion with a commitment to rehabilitate road network of 320 km throughout the country.