FINANCIAL CHRONICLE – Sri Lanka’s cabinet of ministers has approved a proposal to liquidate the Sahasya Investment Company, a state-owned enterprise initially established to manage expressways. The responsibilities and properties of this company will be transferred to the Road Development Authority (RDA), according to Minister Nalinda Jayatissa.
Sahasya was created with the aim of maintaining the existing expressway system, strategizing for further development, and employing modern technologies to reduce costs. On March 25, 2024, the daily operations and management of the expressways were officially transferred to the Sahasya Investment Company through a management agreement.
However, Minister Jayatissa informed reporters that the operations of Sahasya Investment Company have not been implemented, and no activities aligning with its objectives have been executed since the company was incorporated.
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The RDA, as per the Road Development Authority Act No. 73 of 1981, is tasked with planning, designing, constructing, and maintaining national roads and expressways. Minister Jayatissa highlighted that the RDA has the necessary technical expertise, institutional capacity, and long-term asset management vision required for managing these assets.
“Considering these factors, the cabinet has approved the proposal to liquidate Sahasya Investment Company. The expressway network, associated lands, and other related functions will now be managed through a separate operating unit under the Road Development Authority,” stated Jayatissa. (Colombo/Dec30/2025)
