Hungary to fund Euro 52 million to construct flyovers at Kohuwala and Getambe

June, 27, 2019

The necessary action has been taken to enter into a commercial contract with the relevant contractor for the construction of Flyovers at Kohuwala and Getambe with a view to providing speedy and safe transport facilities to the commuters.

The Government of Hungary has expressed its willingness to provide Financial assistace for the said construction activities.

Accordingly, the proposal made by the Minister of Finance ,Mangala Samaraweera, to enter into an agreement with the Exim Bank of Hungary to obtain a concessionary loan of Euro 52 million, was approved by the Cabinet.