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Maldives and Sri Lanka were welcomed as new member countries in May 2014. Myanmar became the seventh member of SASEC in February 2017. [7] The organization adopted the SASEC operational plan in November 2016 [8] and launched its subregional strategic development road map in April 2017. [9] An update to the operational plan was released in ...
The Road Development Authority (commonly abbreviated as RDA); (Sinhala: මාර්ග සංවර්ධන අධිකාරිය; Tamil: வீதி ...
It is one of the leading finance companies in Sri Lanka and it is also ranked within the top five largest licensed financial institutions among the 46 non banking institutions in the country. [2] In September 2019, the company received the Best Social Media Initiative of the Year at the 2019 Asian Banking & Finance Awards which was held at the ...
The Mahaweli Development program (Sinhala: මහවැලි සංවර්ධන වැඩසටහන) is known as the largest multipurpose national development program in the history of Sri Lanka and is also considered the keystone of the government's development program that was initiated in 1961.
Colombo International Financial City built on land reclaimed from the Indian Ocean and funded with $1.4bn in Chinese investment is a special financial zone and another major Chinese investment in Sri Lanka. [103] In April, Sri Lanka experienced a default on its foreign debt amounting to US$50 billion, with China being one of the creditors involved.
Port City Colombo is located in the metropolis of Colombo, Sri Lanka, which is positioned within South Asian trade routes. The master-planned city is to be constructed between the southern edge of the new Colombo South Port and the Fort Lighthouse. The total area of sea to be reclaimed is 269 ha (660 acres). [1] [2]
The Central Expressway (E04), is an under construction road project that will link the Sri Lankan capital, Colombo, with Kurunegala & Kandy.It will provide a fast alternative to the existing A1 Colombo - Kandy & A6 Ambepussa - Trincomalee Highways.
The system is planned to be operated as a public-private partnership between the Government of Sri Lanka and selected private entities. [2] The project estimated to be worth US$1.5 billion was commenced during the presidency of Maithripala Sirisena in 2017 and was regarded as the largest single foreign-funded infrastructure project in Sri Lanka ...