Cabinet Clears Rs. 46.2 Bn Mudun Ela Drainage Project to Tackle Chronic Flooding 📈

• Project Overview: The Cabinet approved the implementation of the ‘Mudun Ela Storm Drainage and Environment Improvement Project’ in the Peliyagoda and Kelaniya sub-catchment zone to address decades-long stormwater management issues. • Key Figures: • Total Estimated Cost: Rs. 46,190.6 Mn (approx. Rs. 46.2 Bn). • Execution Timeline: Phased implementation over 2027–2036. • Structural Framework: Formulated by the Sri Lanka Land Development Corporation (SLLDC), grounded in a 2023 JICA Pre-Feasibility Study and a 2024 SLLDC Feasibility Study. • Economic & National Impact: • Resolves severe recurring flood risks, preserving ongoing commercial operations and local real estate assets. • Unlocks high-value flood-prone land for future industrial, commercial, and infrastructure development, enhancing long-term urban productivity.