Thursday Nov 06, 2025
Thursday Nov 06, 2025
Thursday, 6 November 2025 06:10 - - {{hitsCtrl.values.hits}}
The Cabinet of Ministers at their meeting on Monday approved a proposal to utilise State funds to complete the remaining section of the Maharagama-Piliyandala road after the OPEC Fund for International Development loan was found insufficient to cover the full project cost.
A loan agreement worth $ 50 million was signed with the OPEC Fund to upgrade 46 kilometres of national roads in the Colombo District. Among these, the 6.7 kilometre Maharagama-Piliyandala road was identified as the final project under the loan.
“While 1 kilometre of the road has already been renovated, work on 4 kilometres (Sections A and C) has begun under three project packages. However, authorities identified that the remaining 1.7 kilometre (Section B) could not be completed due to the loan balance being insufficient,” Cabinet Spokesman Minister Dr. Nalinda Jayatissa told journalists at the post-Cabinet meeting media briefing on Tuesday.
He said to ensure project completion, the Cabinet of Ministers approved the proposal by Transport, Highways and Urban Development Minister Bimal Rathnayake to fund the renovation of the remaining 1.7 kilometres using Government funds, thereby finalising the long-delayed road development project.
