🚨 Japan Grants Rs. 4.56 Bn for Kelani River Basin Upgrade

• Project Overview: The Government of Japan has agreed to provide a grant of Yen 2.18 billion (approx. Rs. 4.56 Bn) to modernize the Kelani River basin pumping station. • Agreements: Cabinet approved signing an Exchange of Notes with Japan and a grant agreement with the Japan International Cooperation Agency (JICA), following a proposal by the President. • Target Areas: Designed to significantly cut flood risk in the lower sub-basin, specifically benefiting urban infrastructure and communities in Wattala and Peliyagoda. • Economic Impact: Supports sustainable urban development by unlocking land potential for real estate and broader national economic activities.