Shifting of expressway network from RDA to Sahasya Investment Limited approved

26 March 2024 01:43 pm - 8 - {{hitsCtrl.values.hits}}

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Colombo, March 26 (Daily Mirror) - Government approval was granted for the shifting of the expressway network from the Road Development Authority (RDA) to Sahasya Investment Limited.

While addressing the media, Cabinet spokesman Minister Bandula Gunawardana said after shifting the expressway network to Sahasya Investment Limited, the land owned by highways, highway loans, and related staff can be managed more commercially.

The respective action plan was approved at the Cabinet meeting held on February 5.

Accordingly, the proposal presented by the Transport and Highways Minister is to shift the daily operations and management of expressways to Sahasya Investment Limited from April 2024 in accordance with a formal management agreement and to transfer all the relevant assets to Sasahasya Investments Limited within six months consequent to a legal and financial feasibility study jointly conducted by the Road Development Authority and Sahasya Investments Limited.

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Comments - 8

Tissa Fernando Tuesday, 26 March 2024 04:20 PM

Unbelievable, these guys are planning to sell the highways too. Expect the increase in highway fees. Expect some Indian involvement too and finally the company will be owned by India. Nowadays AKD is not protesting against these.why?

Gabriella Tuesday, 26 March 2024 10:12 PM

Well if you want more scrutiny of these projects, vote for the NPP. Otherwise, stop the whining and accept another 76 years of the same bullshit !

Ravi Tuesday, 26 March 2024 06:04 PM

Who is this company??!! You can expect rates to shoot higher and higher!!

Hassanda Tuesday, 26 March 2024 06:45 PM

Dont know who owns this Company Sahaasya Maybe Dummy Person created by our Lankan Politicians - Another Deal

Ram Wednesday, 27 March 2024 03:25 AM

What is this Sahasya Invetsment Ltd and what business are they involved in. This could be a new company where the Minister will be benefitted as usual

Dee Wednesday, 27 March 2024 05:47 AM

RDA is corrupt. So all corrupt people will be against this move! Protest! Create havoc! Power the the corrupt people!

suman Udage Wednesday, 27 March 2024 06:05 AM

This is highly unprincipled act. This regime has only a few months to go, and it has no popular mandate to sell our assets like this trough corrupt deals. Is IMF behind this too?

Sambo Wednesday, 27 March 2024 08:35 PM

Poor Bandula.

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Shifting of expressway network from RDA to Sahasya Investment Limited approved

Comments - 8

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