Home » It will take 160 years to pay off Expressway debt – Minister Dr. Bandula Gunawardhana
Annual profit from Expressways is Rs. 5 billion | Outstanding debt is Rs. 800 billion

It will take 160 years to pay off Expressway debt – Minister Dr. Bandula Gunawardhana

by damith
April 9, 2024 1:18 am 0 comment

Even though Sri Lanka receives Rs. 5 billion per year after making payments for construction and maintenance purposes at Expressways, still it will take more than 160 years to pay off the loans and interest taken to construct the existing roads. The Transport, Highways and Mass Media Minister Dr. Bandula Gunawardhana said as this burden cannot be placed on the tax-paying public, the Cabinet has decided to handover the management of the expressway system and its assets to the 100 percent government-owned Sahasya Investment Company.

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