Sri Lanka Authorities will quickly arrange a Street Upkeep Fund (RMF) with preliminary funding of Rs. 100 million to make all predominant and inter-provincial roads toll-paying roads, Transport and Highways Minister, Dr. Bandula Gunawardana mentioned.
Cupboard approval has been granted to determine the RMF consistent with different nations to make sure correct street upkeep and likewise to slash heavy prices incurred by the federal government for street building and upkeep, Minister Gunawardana pressured.
After the institution of the RMF, street customers, primarily motorists must pay a predetermined toll for utilizing the street. The budgetary allocation for street building and upkeep of rural and inter-provincial roads was Rs. 375 billion in 2022. That is along with the native and international funding for the development of expressways.
The RMF can be established underneath the Street Growth Authority (RDA) to keep up and refurbish present roads and assemble new roads and bridges. There are 25,000Kms of rural, inter-provincial rods and predominant highways underneath the RDA proper now.
With the detrimental impact caused by the financial meltdown street upkeep has been uncared for. With the earnings generated by the RMF, Sri Lanka could be able to keep up a greater street community within the nation with none burden to the Treasury, he added.
(Supply: Day by day Mirror – By Sandun A Jayasekera)
