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Contract awarded for Rs. 819 Mn Malabe-Kaduwela Road upgrade
May 20, 2026 at 9:40 AM The Cabinet of Ministers has approved the awarding of a contract to improve a 5.56‑kilometre stretch of the Malabe–Kaduwela Road (B 263) under the National Highways Widening and Improvement Programme. Following the National Competitive Procurement procedure, eight bids were received. Based on the recommendation of the High‑Level Procurement Committee, the contract has been awarded to M/s Senarath Engineering (Pvt) Ltd, identified as the substantially responsive lowest bidder. The project, valued at Rs. 819 million (exclusive of VAT), is expected to enhance connectivity and ease traffic congestion along this busy corridor, supporting regional development and commuter convenience. (Newswire) 2026-05-20
Senarath Engineering wins Rs819mn tender for Sri Lanka road project
Wednesday May 20, 2026 6:24 am Wednesday May 20, 2026 6:24 am ECONOMYNEXT – Sri Lanka should consider an 18th IMF programme, with the current programme ending in mid-2027 and significant debt repayments due from 2028, economist Ganeshan Wignaraja has said. The compounding effects of Cyclone Ditwah and war in West Asia have made what was once a contingency, increasingly inevitable, and planning for it is the responsible course of action he told the RCSS Strategic Dialogue – 4 on the theme “A Global Economy in the Shadow of Middle-East War: Implications for Sri Lanka’s Debt Recovery” at the Regional Centre for Strategic Studies (RCSS) in Colombo. The dialogue brought together senior serving and retired policy makers diplomats, defence, academic, think-tank, civil society and media representatives. Dr Wignaraja is a visiting Senior Research Fellow at ODI Global, London (formerly Overseas Development Institute), London and Professorial Fellow at Gateway House, Mumbai. The RCSS statement is reproduced below: Wignaraja opened his presentation by drawing on the IMF’s April 2026 World Economic Outlook, which projects global growth slowing to 3.1% in 2026, with downside risks dominating: prolonged conflict, geopolitical fragmentation, and renewed trade tensions bearing down hardest on emerging and developing economies. It is against this external environment, he said, that Sri Lanka’s vulnerabilities must be understood. From being treated by the IMF as a post – 2022 ‘Poster Child’ of IMF aided economic stabilization and the post-budget optimism built in late 2025, the compounding shocks of Cyclone Ditwah, and the ramifications of the recent Middle East War had simultaneously hit Sri Lanka through rising oil-gas-fertilizer prices, disrupted remittances, airline and tourism disruptions. It had also resulted in a contraction of exports in general and particularly tea, of which approximately 20% go to the Middle East. Despite this, he also noted that the War also presents Sri Lanka some long-term opportunities. As Gulf states lose their safe-haven status, Sri Lanka could, if it builds the right regulatory, governance, and infrastructure environment, position itself as an Indian Ocean hub for maritime trade, aviation, finance, and professional services. Whether that opportunity is seized or not, he said, depends on decisions and reforms that should taken now. Two near-term scenarios were outlined by Dr. Wignaraja. In the best case, the Strait of Hormuz remains open, o...
Cabinet approves Ahmedabad–Dholera semi high-speed rail project - The HinduBusinessLine
Cabinet approves ₹20,667 crore Ahmedabad-Dholera semi high-speed rail project to enhance connectivity and reduce travel time.
Jammu and Kashmir CM Omar Abdullah approves ₹93 crore power infrastructure projects - The Hindu
Jammu and Kashmir CM Omar Abdullah approves ₹93 crore power projects to enhance infrastructure and reduce electricity interruptions in Srinagar.
