- Court-appointed liquidator already overseeing winding-up process of one entity
- Expressway Transport Company buses to be transferred to SLTB
- Liquidation of Maga Neguma entities and RDA’s luxury bus company approved
The Road Development Authority (RDA) has commenced the liquidation of several of its long-criticised subsidiaries, with a court-appointed liquidator already overseeing the winding-up process of one entity.
Speaking to The Sunday Morning Business, RDA Chairman T. Paskaran stated that the Cabinet of Ministers had approved the liquidation of the three Maga Neguma companies – Maga Neguma Road Construction Equipment Company Ltd., Maga Neguma Emulsion Production Company Ltd., and Maga Neguma Consultancy and Project Management…