Sri Lanka Approves Rs 9 Bn Contracts for Highway Upgrades and Road Repair 📈

• Overall Investment: The Cabinet of Ministers has approved four major development contracts worth ~Rs 9.00 Bn (inclusive/exclusive of VAT as specified) to improve critical transport infrastructure across the island. • Contract Allocation Breakdown: • RR Construction (Pvt) Ltd: Awarded two major contracts totaling Rs 5.23 Bn. - Rs 1.49 Bn (inc. VAT) for widening and improving km 62+450 to km 70+000 on the Colombo-Ratnapura-Wellawaya-Batticaloa Road (AA004). - Rs 3.74 Bn (inc. VAT) for repairs on km 15+000 to km 30+000 of the Pelmadulla-Embilipitiya-Nonagama Road (A018). • Maga Engineering (Pvt) Ltd: Secured a Rs 3.11 Bn contract (inc. VAT) for widening and improving km 3+000 to km 10+040 (Haggala Junction to Katugastota) on the Peradeniya-Halloluwa-Katugastota Road (B365). • ELS Construction (Pvt) Ltd: Awarded Rs 763.98 Mn (exc. VAT) to rehabilitate 3 road sections in Nawalapitiya under post-Cyclone Ditwah recovery efforts. • Economic Significance: Strategic capital investment into the national infrastructure & construction sector enhances regional connectivity and supports post-disaster rehabilitation.