Sunday Times : The Highway Ministry and the Road Development Authority (RDA) have received Cabinet approval to borrow more than Rs 31.7bn from foreign or domestic sources to kick start the stalled construction of the first section of Central Expressway (CEP I).
Amidst the curfew, there are also negotiations—sanctioned by the Cabinet—with handpicked parties canvassing for the third and fourth sections of the same expressway (CEP III and IV), the Ruwanpura Expressway from Kahathuduwa to Pelmadulla (via Ratnapura) and the Eastern Expressway from Mattala to Pottuvil.
Only selected Ministry and RDA officials are privy to the details or even know such discussions are ongoing. The hundreds of kilometres of new roadways will require heavy borrowing, both local and foreign. The majority of projects will be Chinese-funded, according to the relevant Cabinet paper which the Sunday Times obtained.
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