Sahasya Investment Ltd To Manage Expressways

COLOMBO (News 1st); In a move aimed at enhancing efficiency and commercial management, the Sri Lankan Cabinet has approved the transfer of the expressway network from the Road Development Authority (RDA) to Sahasya Investment Limited.

The decision to shift the expressway network is driven by the need to manage land, expressway loans, and related staff more commercially.

By entrusting the daily operations and management to Sahasya Investment Limited, the government aims to streamline processes and optimize resource utilization.

The Cabinet meeting held on June 26, 2023, marked the initial approval for this strategic shift.
Subsequently, the action plan received further endorsement during the Cabinet meeting on February 5, 2024.

Effective April 1, 2024, Sahasya Investment Limited will assume responsibility for the expressway network. A formal management agreement will govern the transition, ensuring seamless continuity of services.

Over the next six months, all relevant assets currently under the purview of the RDA will be transferred to Sahasya Investments Limited.

Prior to the transfer, a comprehensive legal and financial feasibility study will be jointly conducted by the RDA and Sahasya Investments Limited.