Annual Report 2008 - Ministry of Finance and Planning
Annual Report 2008 - Ministry of Finance and Planning
Annual Report 2008 - Ministry of Finance and Planning
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2. Fiscal Developments - <strong>2008</strong><br />
101<br />
Infrastructure Development Initiatives<br />
Roads <strong>and</strong> Bridges<br />
Investments in the road sector increased from Rs. 46,938<br />
million in 2007 to Rs 82,700 million in <strong>2008</strong>. This included<br />
Rs 20,913 million on highways, Rs.15,737 million in<br />
expressways, Rs. 8,848 million on rehabilitation <strong>of</strong> tsunami<br />
affected roads <strong>and</strong> Rs10,038 million on bridges <strong>and</strong> flyovers.<br />
Expenditure on Provincial Road Development Programme in<br />
<strong>2008</strong> amounted to Rs.6,906 million. Further, Rs. 3,830 million<br />
was spent in <strong>2008</strong> on rehabilitation <strong>of</strong> rural roads under the<br />
“Maga Neguma” programme uplifting 1,640 km <strong>of</strong> such<br />
roads.<br />
Box 2.6<br />
R<strong>and</strong>ora: Road Development Endeavor<br />
Integrated development <strong>of</strong> the total road network is one <strong>of</strong><br />
the major areas <strong>of</strong> focus in the Government development<br />
agenda. Therefore, the investment on road sector has<br />
increased tremendously by 450 percent from 2004 to <strong>2008</strong>.<br />
In <strong>2008</strong>, the road sector alone contributes 1.9 percent <strong>of</strong> the<br />
GDP.<br />
The share <strong>of</strong> investment on local roads has increased from 2<br />
percent in 2004 to 19 percent in <strong>2008</strong> due to the rural roads<br />
upgrading under the Maga Neguma <strong>and</strong> Gama Neguma<br />
programmes. The actual expenditure on provincial roads<br />
have increased from Rs. 2 billion in 2004 to 7 billion in <strong>2008</strong>.<br />
During 2004 – <strong>2008</strong> the investment on national roads has<br />
been enhanced from Rs. 14 billion to Rs. 60 billion which<br />
represented a 72 percent <strong>of</strong> the total investment on this<br />
sector.<br />
Investment on Road Development<br />
Increased public funds have been mainly utilized for<br />
construction <strong>of</strong> expressways, maintenance <strong>and</strong> improvement<br />
<strong>of</strong> roads <strong>and</strong> acquisition <strong>of</strong> l<strong>and</strong>s for road development in the<br />
last five years.<br />
To improve accessibility, connectivity, mobility <strong>and</strong><br />
sustainability, the increased investment was distributed at<br />
different levels.<br />
During this period the total investment on rehabilitation <strong>of</strong><br />
roads <strong>and</strong> bridges has been increased from Rs. 6 billion to<br />
Rs. 35 billion. With this investment, around 541 km <strong>of</strong> roads<br />
<strong>and</strong> 15 major bridges have been rehabilitated along with<br />
the proposed regional economic centers <strong>and</strong> tsunami <strong>and</strong><br />
conflict affected areas.<br />
<strong>Ministry</strong> <strong>of</strong> <strong>Finance</strong> <strong>and</strong> <strong>Planning</strong> Sri Lanka<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2008</strong>
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