Project news5- Page

The Government of Sri Lanka has secured a US$90 million loan from the Asian Development Bank (ADB) for the Second Integrated Road Investment Program (iRoad 2) – Tranche 5.

India and Sri Lanka have successfully moved forward with discussions on the proposed High Voltage Direct Current (HVDC) power grid interconnection project.

The highly anticipated lighting project for the iconic Demodara Nine-Arch Bridge has been postponed from October to November 2025 due to a land dispute.

Sri Lanka has set an ambitious target to raise $11.26 billion by 2030 through the issuance of Sovereign Green and Blue Bonds. This initiative is detailed in the new National Climate Finance Strategy (NCFS) 2025-2030, and is a core part of the country's plan to achieve net-zero carbon emissions by 2050.

The National Building Research Organization (NBRO), in partnership with the Road Development Authority (RDA), has launched a specialized project to mitigate the risk of landslides along the Bibile - Passara road.

Home Lands Group announced that construction is making steady progress on its landmark development, the Bayfonte Marina Resort Apartments and Villas in Negombo. The complex is touted as the first tourist resort apartment development in Sri Lanka.

The Road Development Authority (RDA) has initiated a new project to enhance road safety by installing safety fences along dangerous embankment points in three mountainous provinces, following a recent increase in road accidents.

The completion of the Port Access Elevated Highway (PAEH), a vital link connecting Colombo City Centre and the Katunayake Expressway (CKE) via the port, has been severely complicated after the Engineer Representative allegedly abandoned the project site.

The Asian Development Bank (ADB) is currently designing a new digital transformation project for Sri Lanka, with a strong focus on embedding digital security and data privacy within the nation's accelerating digital economy.

Port City Colombo (PCC) has achieved a major development milestone by completing all its essential utility infrastructure projects, effectively paving the way for further development within the Special Economic Zone (SEZ).