26 July 2012
Hong Kong & Shanghi Banking Corporation (HSBC) has agreed to provide Sri Lanka with US$44.14 million of credit to finance the construction and rehabilitation of 210 rural bridges.
The new permanent steel bridges will range in length from 6m to 30m and will be built throughout the island.
The Ministry of Finance & Planning said that mobility has been greatly restricted because of the non-existence of required infrastructure, especially bridges, resulting in isolation of communities.
Most of the bridges in the affected areas are at least 50 years old and maintenance, rehabilitation and new construction have not kept pace with the rapid growth in demand for road transport.
Construction (1) |
Finance (1)