Megapolis and Western Development Minister of Sri Lanka Patali Champika Ranawaka has reportedly said that the Urban Development Authority (UDA) has invested over Rs. 25 billion
The Cabinet of Ministers in Sri Lanka is expected to discuss this week a proposal to develop Palaly Airport through a joint venture with the Air Force and the Civil Aviation Authority, local media reports stated.
The Asian Development Bank (ADB) and Sri Lanka’s Hatton National Bank (HNB) have reportedly reached an agreement to expand lending and provide guarantees of up to US$ 20 million to support small businesses and low-income families.
The Sri Lankan government has reportedly expressed its intentions of rolling out a series of measures to convert Sri Lanka into a technology hub to foster entrepreneurship and improve ecosystems for startups and tech enterprises.
The United States (US) is to provide a US$ 480 million grant to Sri Lanka for several development projects.