Press briefing of Cabinet Decision taken on 2017-09-26

Implementation of the Integrated Road Investment Programme - (Phase 4)

- A sum of US$ 168 million will be expended for the implementation of Phase 4 of the Integrated Road Investment Programme initiated and now being implemented with the objective of providing a better connectivity between the rural communities and the Socio‑Economic Centres. Out of this sum, a US$ 150 million is due to be obtained from the Regular Ordinary Capital Resources Fund of the Asian Development Bank. Accordingly, the proposal made by Hon. Ranil Wickremasinghe, the Prime Minister in his capacity as the Minister of National Policies and Economic Affairs, to authorize the Ministry of Finance and Mass Media to conduct negotiations and enter into a loan Agreement regarding the relevant loan assistance, was approved by the Cabinet.