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Cabinet approves local funding to complete Maharagama-Piliyandala road upgrade
Daily FT
|November 06, 2025
THE Cabinet of Ministers at their meeting on Monday approved a proposal to utilise State funds to complete the remaining section of the Maharagama-Piliyandala road after the OPEC Fund for International Development loan was found insufficient to cover the full project cost.
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A loan agreement worth $ 50 million was signed with the OPEC Fund to upgrade 46 kilometres of national roads in the Colombo District. Among these, the 6.7 kilometre Maharagama-Piliyandala road was identified as the final project under the loan.
This story is from the November 06, 2025 edition of Daily FT.
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