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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ROAD projects funding by commercial banks under treasury guarantee

ROAD projects funding by commercial banks under treasury guarantee

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salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
ROAD projects funding by commercial banks under treasury guarantee

Scheme to build over 600 kilometres of roads- under a 500 dollar loan scheme from commercial banks under Treasury guarantee
Long term loan: HNB IN FEB : the loan will be repaid over 14.5-years with 2.5-year grace, at the rate of AWPLR +1.5%

COMB Dec 12
18 kilometre road - The road runs from Meepe to Ingiriya
LKR 1,802 million

HNB March :
27 kilometre stretch - Haputale, Boralanda
LKR 2,445 million

HNB FEB
LKR 3.2 billion long-term loan to finance the rebuilding of 37.5 kilometres
Road sections: 33.50 to 44.0 kilometres
57 to 59 kilometres on the Naula - Elahara - Laggala - Pallegama - Hettipola Road (B 312)
Road Sections :20 to 45 kilometre stretch on Hasalaka Handungamuwa Road (B484).

Great for Banks

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It would also be nice if they could build houses for everyone

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I guess banks will step in constructing houses for people, if guarantee scheme is well placed to secure investment capital. In fact, constructive negotiation is needed for such schemes at higher level to build up the confidence of banking sector to be involved in.

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Its good initiative, but have to come to realistic terms regarding profit margins.

The incredible truth about chinese loans with strings attached is, the project cost is around three times the actual cost. It's sheer lunacy.

Miracle of Asia..!!!

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@gamaya wrote:Its good initiative, but have to come to realistic terms regarding profit margins.

The incredible truth about chinese loans with strings attached is, the project cost is around three times the actual cost. It's sheer lunacy.

Miracle of Asia..!!!

And when you cant pay... just hand over it to the Dragon..


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