Cabinet approves Rs. 9 billion in contracts for highway development and road rehabilitation
Executive Intelligence Dispatch
The Sri Lankan Cabinet has approved four road development and rehabilitation contracts worth approximately Rs. 9.1 billion to improve national highway sections and restore damaged road infrastructure.
Key Facts & Findings
- —Four road development and rehabilitation contracts worth Rs. 9.1 billion
- —Contracts cover widening and improvement of national highway sections and rehabilitation of damaged road infrastructure
- —Total contract value: Rs. 9.1 billion, excluding VAT
“The contracts were awarded following a National Competitive Procurement process, based on the government's requirements.”
The approved contracts are expected to have a positive impact on the country's infrastructure development and economic growth.
The government will proceed with the implementation of the approved contracts, with expected completion timelines and milestones to be announced in the coming weeks.
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Cabinet approves Rs. 9 billion in contracts for highway development and road rehabilitation
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