Press briefing of Cabinet Decision taken on 2011-03-08

Asian Development Bank funded National Highways Sector Project - Loan No. 2217 SRI - Rehabilitation and Upgrading of the Nugegoda to Homagama Section of the Colombo-Ratnapura-Wellawaya-Batticaloa Road (A4 Road) Co-Financed by OPEC fund for International Development

- the Government has received a loan of US $ 8 million from the OPEC Fund for International Development to finance a portion of highway upgrading component of the National Highways Sector Project funded by the Asian Development Bank. A part of the loan will be utilized for the rehabilitation and upgrading of the Nugegoda to Homagama (14.1 Km.) Section of the Colombo-Ratnapura-Wellawaya-Batticaloa Road (A4 Road). On a proposal made by H.E. the President, on the recommendation of the Cabinet Appointed Procurement Committee and the Technical Evaluation Committee, Cabinet approval was granted to award the contract to the lowest evaluated substantially responsive bidder.