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Sri Lanka to obtain USD 200 M for third phase of highways investment program.

The Cabinet of Ministers has granted the approval to obtain USD 200 million as the third instalment of the agreement between the government of Sri Lanka and the Asian Development Bank (ADB) to finance the Second Consolidated Highways Investment Program.

The resolution furnished by the Prime Minister in his capacity as the Minister of Finance was tabled at the Cabinet meeting held on Monday (May 10).

The Sri Lankan government has entered into an agreement with the ADB to obtain USD 900 million for the implementation of the Second Consolidated Highways Investment Program.

The entire program is scheduled to be completed by March 31, 2027.

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