Harsha questions shift in Central Expressway loan interest rate

Chairman of the Committee on Public Finance (CoPF), Dr. Harsha de Silva, has expressed concern over a proposal to alter the interest rate structure of the Central Expressway project’s financing, warning that it could increase the country’s borrowing costs. Taking to X, Dr. de Silva said the LKR 226 billion project—already delayed and burdened by growing interest payments—was reviewed due to ongoing financial and contractual uncertainties. He noted that despite the project being relaunched with much fanfare under President Anura Kumara Dissanayake, negotiations with the main contractor, MCC, on their claims, and with China EXIM Bank on the revised USD…

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