Cabinet Approves Rs. 1.23 Bn Machinery Purchase for SLLDC Flood Mitigation 🌊

• Funding & Allocation: The Cabinet approved Rs. 1,233 million for the Sri Lanka Land Development Corporation (SLLDC) to procure small-scale machinery. The project is funded via a Rs. 625 million equity contribution from the General Treasury, with the remaining balance sourced from SLLDC's own resources. • Objective & Purpose: Proposed by the Ministry of Transport, Highways and Urban Development, the investment aims to strengthen urban drainage management and mitigate ongoing flood risks across key municipal zones.