⛽ Cabinet Greenlights Rs. 1.45 Bn Kolonnawa Fuel Upgrade

• The Cabinet has approved a proposal by the Power and Energy Minister to begin procurement for a Rs. 1.45 billion (Rs. 1.45 Bn) project. • This investment is aimed at modernising fuel filling facilities at Zone 7 of the key Kolonnawa Terminal, operated by Ceylon Petroleum Storage Terminals Ltd. (CPSTL). • The government's objective is to enhance fuel distribution efficiency, safety, and capacity at one of Sri Lanka's critical Petroleum Storage and Energy Distribution sites. • The project will be implemented in three stages under an Engineering, Procurement, and Construction (EPC) contract. • Phase one focuses specifically on the construction of new filling facilities for petrol.