The government has approved raising Rs.80 billion from State banks to meet outstanding payments of projects carried out by the National Water Supply and Drainage Board (NWSDB) and the Road Development Authority (RDA).

The RDA requires Rs. 50 billion to make payments to projects already underway, including commencing work on Phase 1 of the Central Expressway Project and 100,000 km of road development project. The second phase of the Central Expressway is also ongoing. 

In addition, 30 billion of funding is needed to settle essential financial obligations relevant to the water supply projects implemented by the National Water Supply and Drainage Board.

Accordingly, the proposal presented by the Minister of Finance, Economy and Policy Planning to authorize the relevant authorities of the respective institutions to obtain funds from the local banks including Bank of Ceylon, People's Bank and National Savings Bank and to issue the Treasury Guarantees for the purpose was approved by the Cabinet of Ministers.