State-owned companies to handle road development projects
The Government plans to set up three State-owned companies to handle
road development projects to improve the existing road network.
The Cabinet approved a proposal by President Mahinda Rajapaksa, in
his capacity as the Minister of Ports and Highways, to set up the three
Maga Neguma companies under the Road Development Authority (RDA).
Maga Neguma Construction Equipment Company (Pvt) Ltd. will provide
construction equipment and machinery to those engaged in road
development for a fee. The company will also undertake and complete road
construction projects under Rs. l00 million awarded by the RDA.
The Maga Neguma Emulsion Production Company (Pvt) Ltd. will
manufacture and supply products such as emulsion and pre-mix for road
Maga Neguma Consultancy and Management Company (Pvt) Ltd. will
provide consultancy services for the preparation of bills of quantities
and project proposals.