MBSL Bank partners SBI

The Merchant Bank of Sri Lanka (MBSL Bank), recently signed an MOU with the State Bank of India (SBI), who will be involved in attracting relevant investors for these endeavors.

"The current projects targeted include an Expressway from Mannar to Hambantota (via Moneragala, Ampara and Batticaloa), electrification of identified railway lines, building a network of airports that consist of construction of international airports at Hingurakgoda, expansion of airports in Batticaloa, Kalutara, Puttalam and Galle, construction of new domestic airports in Kandy, Nuwara-Eliya, Mannar, Moneragala and Dambulla and the expansion of the Trincomalee and Galle Harbours.

In addition, the bank is also involved in projects in the power and energy sector, travel and tourism and the information communication and technology sector and has a plan to put forward a proposal to their strategic partner, on equity participation in insurance projects, hotel projects, private equity investment in generator manufacturing project, debenture issue for a liquid gas company, funding of solar power projects in Hambantota and private-public partnerships and some joint ventures participation for national projects.