The statement explains the compensation for the land acquisition amounts to 40 billion rupees, while a further 12 billion rupees is required to complete the balance road construction.
''The Ministry has requested urgent funds amounting to 15 billion rupees from the Ministry of Finance to make the existing payments and continue the development work without disruption,'' the statement said.
''The Ministry of Highways, Higher Education and Investment Promotion requested these funds from the Ministry of Finance,''''The Ministry of Finance determines the manner in which the said funding is raised.''
This statement issued with regard to the alleged insider dealing by Perpetual Treasuries shortly before interest rates were raised on February 27, 2015 and for the 30-year bond sale on the same day.
Sri Lanka's Central Bank sold 10 billion rupees of bonds at rates around 200 basis points above recent off-market placements, after offering a billion rupees at the auction.
It was found that half the bonds had been sold to Perpetual Treasuries.
President Sirisena has today ordered to appoint a 3-member Committee to probe alleged malpractices on Treasury Bonds issued by the Central Bank of Sri Lanka.