News
Work on country’s seventh expressway to commence today
The construction of the country’s seventh expressway will be launched by Prime Minister Mahinda Rajapaksa today (07). The inauguration ceremony of the first phase from Kahatuduwa to Ingiriya of the Ruwanpura Expressway is scheduled to be held with the participation of a limited number of people as per the health regulations in place in view of the pandemic.
Prime Minister Mahinda Rajapaksa will participate in the ceremony via new technology from Temple Trees, said a release issued by the Ministry of Highways.
Highways Minister Johnston Fernando said that the implementation of the project was a manifestation of the government’s commitment to realising the visions and policies of President Gotabaya Rajapaksa’s Vistas of Prosperity and Splendour in line with plans for sustainable development.
The proposed Ruwanpura Expressway from Kahatuduwa to Pelmadulla via Ratnapura connects the Western Province with the Sabaragamuwa Province. The project from Kahatuduwa to Ratnapura to Pelmadulla (73.9 km) has been divided into three phases for implementation purposes. Phase I extends from Kahathuduwa to Ingiriya (24.3 km), Phase II from Ingiriya to Ratnapura (26.2 km), and Phase III from Ratnapura to Pelmadulla (21.4 km). The project has first been envisaged by the Mahinda Chinthana manifesto in 2014. Maga Engineering Company has been selected as the construction contractor of the project at a cost of Rs 54.70 billion.
Minister Fernando said that the government’s development drive was in progress despite the threats and challenges of the pandemic that could not be permitted to hinder achievement of people’s aspirations. “We turned a wasteland into a land of opportunity,” the minister said.
The Ruwanpura Expressway is envisaged to provide a boost for the economic development of the country by help promoting efficiency and it is expected to ease the congestion on Panadura-Ratnapura (A08) and Colombo-Wellawaya-Batticaloa (A-04) routes. People in districts of Colombo, Kalutara, Ratnapura, Badulla, Nuwara Eliya, Moneragala and Hambantota would be directly benefited by the new expressway which provide them with opportunity to transport their produce including tea, apparel, minor export crops and a boom to the gem industry with ease of travelling to find markets, decrease in congestion, less burning of fuel and saving on time, the Minister said.
News
Implementation of Loan Scheme for the Development of Young Entrepreneurs in the Agricultural and Industrial Sectors
According to the policies of the government, steps should be taken to provide financial facilities and guidance to produce 50,000 entrepreneurs within five years.
As a measure to achieve this objective, an allocation of Rs. 500 million was made through the 2025 Budget Proposal to implement a concessionary loan scheme.
Cabinet approval was granted at the meeting held on
18-08-2025 to utilize the said fund for the implementation of the loan scheme for the Development of Young Entrepreneurs in the Agricultural and Industrial Sectors. Furthermore, Rs. 750 million has also been allocated through the Budget 2026 to continue the implementation of this loan scheme.
The Cabinet of Ministers has decided to grant its consent to implement the aforementioned loan scheme under a 4% annual interest rate through the People’s Bank, Bank of Ceylon, and Rural Development Bank and to issue relevant operational guidelines
News
Appointment of National Steering Committee for Education Reforms
Taking into consideration the resolution furnished by the Prime Minister in her capacity as the Minister of Education, Higher Education, and Vocational Education, the Cabinet of Ministers has approved the establishment of a National Steering Committee for Education Reforms comprising the relevant
ministers, specialists in the field, officials, professionals, and representatives of the unions.
News
Expert committee to formulate a framework for the development of the energy economy
The Cabinet of Ministers has approved the resolution furnished by the President to appoint an expert committee under, the chairmanship of Dr. Hans Wijesuriya, to formulate a framework for the development of the energy economy in alignment with the national policies, strategies, and result-oriented frameworks.
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