Sri Lanka Approves Rs 91.2 Mn Feasibility Study for Colombo Traffic Reduction 🚗

• Cabinet Approval: The Cabinet has approved a contract worth Rs 91.21 Mn (excluding VAT) awarded to M/s Master Hellie’s Engineering Consultants (Pvt) Ltd to conduct a feasibility study on reducing traffic congestion in Colombo. • Financial Breakdown: The total cost comprises a local component of Rs 52.44 Mn (excluding VAT) and a foreign currency component of US$ 122,859. • Target📈 Sri Lanka Allocates Rs. 91.2 Mn for Colombo Traffic Feasibility Study • Contract Awarded: The Cabinet approved retaining M/s Master Hellie’s Engineering Consultants (Pvt) Ltd to conduct a feasibility study aimed at reducing traffic congestion in Colombo. • Financial Breakdown: Total project cost is Rs. 91.21 Mn (excluding VAT), consisting of a local component of Rs. 52.44 Mn and a foreign currency component of US$ 122,859. • Targeted Areas: The study will focus on easing traffic flow around key economic and transport hubs: Lotus Junction, Port Access Expressway, and Marine Drive. • Procurement: Awarded by the Road Development Authority following an Expression of Interest (EOI) process shortlisted from 5 engineering consultancy firms. • Economic Context: Improving urban infrastructure & transport logistics is critical for enhancing daily productivity and supporting commercial connectivity in the commercial capital.