📈 Millennium IT ESP Secures Rs. 2.2 Bn Oracle Project for Sri Lanka Customs

The Cabinet of Ministers has approved a major contract for the supply and installation of an Oracle Exadata X11M system and related software to modernize the digital infrastructure of Sri Lanka Customs. • Project Value: Rs. 2,197.96 million (approx. Rs. 2.2 Bn). • Implementation Period: Awarded for a duration of eight years. • Vendor Selection: Awarded to Millennium IT ESP (Private) Limited following a National Competitive Bidding (NCB) process. • Procurement Details: Out of three initial bids, only one bidder met the specific technological requirements. The final approval followed recommendations from the Higher Level Procurement Committee and a proposal by the President as the Minister of Finance. This investment in the ICT/BPM and technology infrastructure sector aims to enhance the data processing capabilities of Customs, a critical revenue-generating body for the national economy. _Note: Based on official Cabinet approval data released March 2026._