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COST OVERRUNSTATUTORY_BOARDYear 2016
Last Verified: 2026-02-10

Central Expressway Project Section 3 (Pothuhera–Galagedara) Overrun & Delay

Road Development Authority (RDA) / Ministry of HighwaysYahapalana Government (2015–2019) / Gotabaya Rajapaksa Administration (2019–2022)

Current Verified Legal & Audit StatusIncomplete / Restructured Domestic Bank Consortium Financing
Source: National Audit Office Sri Lanka (2024-05-14)
Section 10

What Happened?

Strictly neutral, evidence-based factual reconstruction from state audit, parliamentary and court records.

1. What was the transaction?

Construction of a 32.5 km expressway link from Pothuhera to Galagedara (Kandy route) initially planned with concessionary financing from the Japan International Cooperation Agency (JICA) and Japanese contractors (Taisei).

2. What was purchased or contracted?

Civil construction works and consultancy for 32.5 km 4-lane expressway section.

3. Who was involved?
Road Development AuthorityMinistry of Highways and Road DevelopmentJapan International Cooperation Agency (JICA) (exited)Consortium of Local Commercial Banks (Bank of Ceylon, People's Bank, NSB)Local Contractor Joint Ventures
4. What was the original plan?

Complete Section 3 by 2019 using low-interest JICA concessionary credit (approx 0.2% interest rate).

5. What happened later?

Disagreements over procurement conditions, local sub-contractor allocations, and political controversies led to the cancellation of JICA financing negotiations in 2018. The government transferred financing to a syndicate of domestic commercial banks at domestic commercial interest rates (12%–28%). Hyperinflation, rupee depreciation, and contractor cash shortages caused construction to stall.

6. What financial consequence was documented?

The project's estimated cost escalated from Rs. 135 Billion to over Rs. 210 Billion, generating an audited cost overrun of over Rs. 75 Billion, alongside over Rs. 38 Billion in cumulative interest during construction borne by public borrowings.

7. What did auditors / courts say?

The Auditor General confirmed that loss of concessionary foreign loans and substitution with expensive domestic commercial credit created an unsustainable debt burden for the Road Development Authority.

The Original Deal

2016-03-15
Agreement Title:Central Expressway Section 3 Planning and Financing Framework
Buyer / Borrower:Ministry of Highways / RDA
Seller / Contractor:Initial Japanese Consortium (Taisei) / Subsequent Local Consortium
Contract Value:LKR 135,000,000,000
Payment Schedule:

Progress payment certificates over 4-year construction schedule.

Purpose:

Provide direct expressway access from Colombo/Kurunegala to Kandy.

The Actual Cost

Sourced
Original Value (LKR):Rs. 135.00B
Revised Scope Value:Rs. 210.00B
Actual Expenditure:Rs. 72.00B
Compensation Paid:Rs. 0.00B
Outstanding Liability:Rs. 138.00B
Loss & Financial Liability Calculator

Documented Financial Consequence

Original Contract ValueRs. 135.00 BillionBaseline approved commitment
Actual ExpenditureRs. 210.00 BillionCumulative state funds disbursed
Confirmed Audited LossRs. 0.00Unproductive zero-asset drain
Compensation PaidRs. 0.00Cancellation settlements
Additional / Overrun CostRs. 75.00 BillionEscalation beyond budget
Potential ExposureRs. 75.00 BillionInitial claims / uninvoked guarantees
Amount RecoveredRs. 0.00Civil/criminal asset recovery
Net Unrecovered LiabilityRs. 75.00 BillionRemaining public balance deficit
Financial Accounting Methodology & Zero Double-Counting

Categorized strictly as a COST OVERRUN rather than a direct financial loss, as construction works remain physically present although incomplete.

Follow the Money Flow Graph

Follow the Money: Central Expressway Project Section 3 (Pothuhera–Galagedara) Overrun & Delay

Every node links directly to an authoritative source
Stage 1: INSTITUTION

Road Development Authority

Launches Central Expressway Section 3 linking Pothuhera to Galagedara.

Authoritative CitationAUDITOR GENERAL

Audit Office Report

Audit Office2024-05-14

Procurement Process & Approvals

PARTIALLY COMPLIANT
Procurement Method:LIMITED TENDER
Tender Advertised:true
Cabinet Approval Status:APPROVED
Audit Finding on Procurement:

"RDA lacked a comprehensive risk mitigation strategy before canceling international concessionary funding."

Auditor General Observations

UNAUTHORIZED VARIATION
Audit Report:Performance Audit Report on Central Expressway Section 3 Execution and Debt ServicingYear: 2024
Exact Source Wording:

"COST OVERRUN & DEFICIENCY: Total estimated cost escalated by over 55% from Rs. 135B to Rs. 210B, with over Rs. 38B incurred in commercial interest payments to domestic banks for an expressway section that remained uncompleted five years after its target deadline."

Audit Recommendation:

Prioritize completion of viaduct sections, enforce liquidated damages on delayed contractors, and restructure high-interest commercial bank loans.

Parliamentary Records
COPA2023-11-28

COPA Special Inquiry on Expressway Project Delays

Committee urged government to complete Section 3 to allow Colombo-Kandy connectivity, noting massive interest liabilities burdening state banks.

Court Proceedings

No court cases filed for this record.

Bribery / Corruption Record

No corruption charges documented.

Governance Context & Decision Authorities

Documented for historical infrastructure project management context only.

President / Head of State:Maithripala Sirisena / Gotabaya Rajapaksa / Ranil Wickremesinghe
Prime Minister:Ranil Wickremesinghe / Mahinda Rajapaksa / Dinesh Gunawardena
Finance Minister:Mangala Samaraweera / Mahinda Rajapaksa / Basil Rajapaksa / Ranil Wickremesinghe
Responsible Entity:Road Development Authority
Who Approved It?
CABINET (2019-01-15)Cabinet Memorandum on Domestic Syndicated Loan for CEP-3

Approved replacing foreign financing with local state bank loans.

Who Paid?
Bank of Ceylon / People's Bank / NSB SyndicateChannel: COMMERCIAL_BANK_LOAN

Disbursed loan funds to the Road Development Authority.

Who Benefited? (Sourced Only)

No documented beneficiaries established in official judicial findings.

Sourced Chronological Timeline

Every milestone and date is indexed to verified state or judicial documentation.

2016-03-15PLANNING
Source: Audit Office

Section 3 Feasibility and Initial Agreements Signed

Baseline contract value estimated at Rs. 135 Billion.

2018-08-10PROBLEM
Source: Audit Office

JICA Concessionary Loan Negotiations Terminated

Government shifts project financing to local commercial bank consortium.

2024-05-14AUDIT
Source: Audit Office

Auditor General Confirms Rs. 75 Billion Cost Overrun

Report documents project cost escalation to Rs. 210 Billion.

Official Source Dossier

Auditor General Performance Audit Report on the Central Expressway ProjectNational Audit Office Sri Lanka2024-05-14 • Tier: AUDITOR_GENERAL