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Sri Lanka has finalized financing arrangements with the World Bank Group to secure US $50 million (equivalent in Special Drawing Rights) to support its Digital Transformation Project, the government has announced.

The Urban Development Authority (UDA) has initiated plans for the “Frolic Island Recreational Hub”, a new leisure and public recreation project along both banks of the Diyawanna Oya in the Battaramulla area.

Sri Lanka’s landmark urban development, Port City Colombo, has reached a major execution milestone as construction officially began on its first residential project. This marks a significant shift from preparatory regulatory work to active delivery of real estate within the Special Economic Zone (SEZ).

The Sri Lankan Cabinet has approved the resumption of the Lower Malwathu Oya multipurpose hydro power project, revealing a staggering 106% increase in costs since its initial approval in 2019.

The Cabinet of Ministers has approved a proposal to allocate 150 million rupees to the e-Court project, a national priority aimed at digitalizing Sri Lanka’s judiciary system to eliminate chronic delays and improve transparency.

Sri Lanka's construction sector continues its strong recovery, posting a 12.2% growth in the third quarter of 2025, according to the Department of Census and Statistics (DCS).