Sri Lanka owes more than Rs. 33 billion in bond charges to foreign lenders over its failure to properly utilize project loans, the auditor general’s report for 2021 reveals.
The projects in question were launched between 2014 and 2016, and had not been completed even by 2020.
They include the extension of the Southern Expressway to Wetiya, urban health and sanitation, Anuradhapura urban development and the water supply schemes in Anamaduwa and Matale.
