Central Bank branch in Kilinochchi

The Central Bank will open a branch in the Northern Province to promote economic activities in the region.

Economic Development Minister Basil Rajapaksa laid the foundation for the construction of a nine-storied building in Kilinochchi to house the Northern Province Central Bank branch, last week.

"Under the first phase of the project, the nine-storied building, 30 feet by 60 feet will be built. The total cost of the project is estimated to be around Rs. 150 million," Central Bank Governor Ajith Nivard Cabraal said.

The planned building will comprise a training centre, auditorium with a seating capacity for 200, office rooms and a Central Bank publications centre.

The second phase will include a residence for the Central Bank Kilinochchi Regional Manager and quarters for bank employees. The Central Bank has provincial offices in the Southern, North Central, Central, Eastern and Northern provinces.