The accelerated infrastructure development to upgrade the country’s road network will commence shortly. Proposals will be called for the Northern Expressway expected to be completed with an investment of US $ 1,500 million to US $ 2,000 million. Investment proposals will be called next month to facilitate the road building process, Treasury Secretary Dr P B Jayasundera said.
“The building of the road network from Kadawatha to Meerigama will commence under the first stage after completing the process to select investors,” he said at the launch of the Annual Report 2011 by the Finance Ministry yesterday. The country will have improved access to major cities with the completion of the planned Expressways connecting Jaffna, Trincomalee and Kandy.
Laying a foundation to improve economic prospects with higher growth in a stable macroeconomic environment, the government announced its second five- year phase of development starting from 2011. Addressing strengths and weaknesses of the first five-year strategy during 2006 - 2010, the development policy framework of the government - Sri Lanka the emerging wonder of Asia; Mahinda Chintana - Vision for the future-outlined country’s economic policy strategies, actions and the roadmap for the five -year period commencing 2011.