The cabinet of minister had given the nod for the proposal by the ministry of finance to enter into a loan agreement with the bank.
The road will be built by Road Development Authority.
The RDA has borrowed from both state and private banks to finance road building under a Treasury guarantee.
http://www.lankabusinessonline.com/news/sri-lankas-bank-of-ceylon-to-finance-rs3.9bn-road/562236653