Cabinet approves State run Expressway Investment Company
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Sri Lanka, Oct. 14 -- The Cabinet of Ministers approved a proposal made by Prime Minister Mahinda Rajapaksa as the Finance Minister to set up a state-run Expressway Investment Company to own and self-finance expressways.
Co-cabinet Spokesman Mass Media Minister Keheliya Rambukwella told the media at the Government Information Department to inform the decisions taken at this week's Cabinet meeting that the proposed company will be solely owned by the Treasury Secretary.
The national policy framework of "The Vistas of Prosperity and Splendour" clearly recognises the vitality of the existence of an inter - connected highway network as a major factor for economic development strategies. Therefore, the rural by-ways project covering 100,000 ...
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