NSBM gets BOC loan to expand campus
View(s):NSBM Green University has signed a strategic loan agreement with the Bank of Ceylon (BOC) to support the ongoing Phase II development of its Homagama campus.
The agreement was signed by NSBM Vice Chancellor Professor E A Weerasinghe, Deputy Vice Chancellor Professor Chaminda Rathnayake, and Bank of Ceylon General Manager Russel Fonseka, last week, the university said.
NSBM had already commenced structural development for Phase II using internally generated funds. The loan facility from BOC will play a key role in completing the 15-storey Faculty of Science building, constructing a state-of-the-art multipurpose auditorium, and advancing other essential academic and student infrastructure projects.
“NSBM fulfilled its financial commitments under the Phase I loan agreement for Rs 8.6 billion with BOC – even during the most challenging periods of national crisis,” Professor Weerasinghe said at the event.
“We remain fully committed to the continued development of our university while maintaining strong financial discipline. I sincerely thank BOC for trusting NSBM and providing critical financial support at this pivotal time.”
“We are proud to support NSBM’s forward-looking development agenda,” Mr Fonseka said.
“As the Bankers to the Nation, BOC is committed to financing projects that contribute meaningfully to Sri Lanka’s socio-economic growth, particularly in education.”
Established in 2016, NSBM Green University currently has a student population of 13,000 across 5 faculties and has produced over 20,000 graduates.
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