Austrian banks grant Rs2.7bn interest free loans for university & health sectors

May 24, 2018 (LBO) – Two Austrian banks have provided over 2.7 billion rupees worth interest free loans for health sector development and to improve university medical facilities, the Finance Ministry said. The Erste Bank of Austria has provided EUR 9.5 million (approximately SLR 1,810 million) interest free credit facility to enhance the access to quality and modern healthcare facilities in hospitals in the country. The Government has now been able to provide Anaesthetic Machines, ICU Ventilators, Blood gas analyzers, Endoscopes, Operation Theatres and mobile lights for identified hospitals in Sri Lanka. The objectives of the project are to reduce the Hospital acquired infections, ensure access to modern healthcare equipment so as to provide immediate care to the patients, whilst reducing the recurrent costs to the Government. Accordingly, the people in the entire country will be benefited through this project by enhancing access to quality healthcare facilities. The UniCredit Bank of Austria has also agreed to provide EUR 4.9 million (approximately SLR 908 million) credit facilities with zero interest to improve university medical facilities. Since Medical faculties of the Eastern University and the University of Rajarata and Allied Health Science Faculty of University of Peradeniya are recently established, it has become an urgent need to provide necessary facilities with required medical equipment and accessories to those faculties.
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Under this project, it is planned to provide necessary facilities with required medical equipment and accessories and it will uplift the quality of teaching and training facilities of the above faculties.