The Parliamentary Committee on Public Finance reviewed expected loan funding for the Kadawatha–Meerigama section of the Central Expressway at its Sept. 30 meeting, chaired by Dr. Harsha de Silva. Officials from the Ministry of Transport, Highways, Ports and Civil Aviation said the 36.475-kilometer section is expected to be financed through a USD 500 million loan from the Export-Import Bank of China, with the balance to be raised locally. Committee members questioned the decision to accept a floating interest rate of up to 3.5% after China’s EXIM Bank rejected an earlier proposal for a fixed 2.5% rate. Officials said further negotiations…
COPF reviews funding plan for Central Expressway section
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