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

  • Virginia state issues RFP for $2.1 billion Interstate 66 toll expansion
    December 23, 2015
    The Virginia Department of Transportation (VDOT) has issued a draft request for proposals (RFP) for the US$2.1 billion Interstate 66 tolled expansion project. Work under a 40-50-year public-private partnership is expected to include construction of 46km of lanes.
    Read More
  • Chile-Argentina Agua Negra Tunnel progress
    February 16, 2018
    The names of the contractors offering bids for the new Agua Negra Tunnel project connecting Chile and Argentina will be revealed in March 2018. Several firms have already expressed a keen interest in this major engineering project. Contractors that have expressed interest include CRS, a consortium comprising China Railway Tunnel Group and Benito Roggio e Hijos. In addition, Ingenieria y Construccion Sigdo Koppers and OHL are also interested in the project as are the firms Rovella and Condotte. The project
    Read More
  • East Africa’s massive new ring road project
    June 30, 2016
    Plans are being drawn up for a major new highway project in East Africa. Preparations are being made by the authorities in Kenya, Uganda and Tanzania. The 450km ring road route runs around the shoreline of Lake Victoria and will provide better transport connections for Kenya, Uganda and Tanzania, as well as for other near neighbours, particularly Rwanda and Burundi. New border posts will be required, to help increase the flow of traffic between the nations. Although it will be complex, the project will boos
    Read More
  • Huge investment for Moscow’s motorway routes
    May 1, 2015
    Huge investments being made in building several outbound routes in Moscow and the Moscow region – Eugene Gerden writes. Up to US$20 billion (900 billion Roubles) will be invested in the building of several outbound routes in Moscow and the Moscow region during the next few years, according to an official spokesperson of the Russian Ministry of Transport. It is planned that the routes will be built as flyovers above the railroad tracks in the Yaroslavl, Kazan, Riga and Paveletskaya directions of the
    Read More

Highlighted Content