The authorities in Sri Lanka are looking for tenders for a new expressway

The Sri Lankan Government is seeking private investment to help develop its new expressway project, which will boost connectivity between capital Colombo and other major conurbations. The expressway will cost some US$1.5 billion to construct and the authorities have already had interest shown in the project by investors from China, Malaysia and South Korea. The 98km Colombo-Kandy section of the project is expected to cost $1 billion to construct. The route will be tolled and the deal will be offered under a
May 4, 2012 Read time: 1 min
The Sri Lankan Government is seeking private investment to help develop its new expressway project, which will boost connectivity between capital Colombo and other major conurbations.

The expressway will cost some US$1.5 billion to construct and the authorities have already had interest shown in the project by investors from China, Malaysia and South Korea. The 98km Colombo-Kandy section of the project is expected to cost $1 billion to construct.

The route will be tolled and the deal will be offered under a concession package, most likely under the design, finance, build and operate model, although the length of the contract has not so far been announced.

Related Content

  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More
  • Sri Lanka Airport runway upgrade
    December 7, 2017
    Sri Lanka’s main international airport now features a new runway surface that will help improve air transport efficiency at the facility The project was carried out successfully, despite a tough time schedule, boosting safety at the airport. This new runway will help increase capacity at the airport, allowing Sri Lanka to develop the tourist sector on which the country depends heavily for its economic growth. The work at the international airport for Sri Lanka’s capital Colombo was carried out with the
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More
  • New international trade crossing linking Canada and US
    June 9, 2015
    The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop
    Read More

Highlighted Content