Reconstruction of Old Kelaniya Railway Bridge interest free loan of 9 mn euros from Uni Credit Bank of Austria

Published : 12:01 am  June 5, 2018 | No comments so far |  | 


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A project to reconstruct the Old Kelaniya Railway Bridge constructed in 1881 has been launched by the government. 

The nine million euro project will revamp the railway bridge to modern standards.   

The Uni Credit Bank of Austria AG had expressed its willingness to grant an interest free loan to cover the entire cost of the project.   

Accordingly, a proposal by Prime Minister and Minister of National Policies and Economic Affairs, Ranil Wickremesinghe to commence negotiations for the loan was approved by Cabinet.   

The project is part of the development of railway services in the country. The increasing number of passengers travelling by train and the need to increase the speed of the trains has pushed for development in the sector.