Govt. to borrow 100bn yen from Japan’s MUFJ Bank for Central Highway

Sri Lanka is to borrow 100 billion yen (approximately US $ 936 million) from Japan’s MUFJ Bank to construct a 32.5km distance of the Central Highway from Potuhera to Galagedara, under the phase three of the highway project. 

The Cabinet of Ministers this week approved a proposal in this regard by Prime Minister Ranil Wickremesinghe, in his capacity as the National Policies and Economic Affairs Minister.

The Cabinet has approved the granting of the phase three of the Central Highway project to Japan’s Taisei Corporation.