Oct. 20 (Bloomberg) -- Sri Lanka’s cabinet approved a 28.2 million pound credit agreement with HSBC Holdings Plc to build steel bridges on the island, spokesman Keheliya Rambukwella said in Colombo today.

Sri Lanka’s state-run People’s Bank will also lend the government 6.8 million pounds for the project to be built by Cleveland Bridge UK Ltd., he said.

--Editors: Jay Shankar, Pradeep Kurup

To contact the reporters on this story: Anusha Ondaatjie in Colombo at anushao@bloomberg.net; Asantha Sirimanne in Colombo at asirimanne@bloomberg.net

To contact the editors responsible for this story: Jay Shankar at jshankar1@bloomberg.net; Pradeep Kurup at pkurup3@bloomberg.net