China supplies road funding to Sri Lanka

Chinese financing will be used to pay for new road links in Sri Lanka. The China Development Bank is providing sources to funds of up to US$500 million that will pay for key road upgrades in Sri Lanka.
February 14, 2012 Read time: 1 min
Chinese financing will be used to pay for new road links in Sri Lanka. The 2621 China Development Bank is providing sources to funds of up to US$500 million that will pay for key road upgrades in Sri Lanka. Projects already under the spotlight include the construction of a 17.5km road project and a 47km road project. These new roads will help improve transport links to Sri Lanka's low-grown tea sector, which forms a key part of the country's economy. The 17.5km road project will link Pitigala and Horawal and will run through Pelawatta, while the 47km road will connect the Southern and Western provinces, passing through Morawaka, Neluwa and Pelawatta. The Chinese investment is of note as it reveals how the country is investing in other Asian nations. Sri Lanka does have a considerable need for infrastructure development in the wake of the civil war that raged for many years through the country.

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