Sri Lanka’s expressways are to be listed on Colombo Stock Exchange under a news state-owned company called Sahasya Investments Ltd, government sources said. The Cabinet has approved the proposal to hand over all expressways to the company from the Road Development Authority (RDA) to a state-owned company.
Sahasya Investments Company was established in October 2020.
According to The Sunday Times, the objective of the newly formed company is to operate the network in a more commercial manner. The possibility of implementing a public-private partnership (PPP) through SIL to manage the expressways is also under consideration the newspaper further states.
Currently, expressways generate around Rs 7 Billion annually and except for this meager income the RDA depends mostly on the government budgetary allocations.
The government intends to list newly established companies in the Colombo Stock Exchange following the improvements sources said.
