[1] The system is planned to be operated as a public-private partnership between the Government of Sri Lanka and selected private entities.
The funding came from the Japan International Cooperation Agency which provided an extremely low-interest loan with an interest rate of only 0.1% which is repayable over 40 years with a 12-year grace period.
In September 2020 president Gotabaya Rajapaksa unilaterally cancelled the project[3][4][5] resulting in the government incurring billions of rupees in losses [6] and compensation for consultants .
[13] The audit found that due to Gotabhaya's unilateral actions the Sri Lankan government suffered a loss of almost Rs.
[6] In June 2021, it was reported that a Japanese firm which was involved with the project claimed damages and compensation amounting to Rs.