The RDA has signed an agreement with a Malaysian construction firm to do a free feasibility study for a new road from the residential suburb of Malabe to near the old parliament building in Galle Face, Colombo.
"If the project is found to be feasible they will propose a package with a long-term loan at a reasonable interest rate," Fernando told LBO.
"We need a new road because of the congestion being experienced on the existing road (to the new parliament in Sri Jayawardenepura). It will either be underground or elevated on pillars."
The new road's trace would follow the existing six-lane highway to the new parliament roundabout and land may have to be acquired on either side of the road from the