Skip to main content

Funding to repair Sri Lankan bridges

In Sri Lanka up to 210 rural bridges will be built or repaired around the country following a financial deal worth US$44.14 million agreed with the Hong Kong & Shanghai Banking Corporation (HSBC). The deal was arranged between the Sri Lankan Government and the HSBC in a bid to improve rural connectivity. The bridges measure from 6-30m in length and will be built by Cleveland Bridge UK. The plan is for the bridges to be completed within a three year period.
August 8, 2012 Read time: 1 min
In Sri Lanka up to 210 rural bridges will be built or repaired around the country following a financial deal worth US$44.14 million agreed with the Hong Kong & Shanghai Banking Corporation (5791 HSBC). The deal was arranged between the Sri Lankan Government and the HSBC in a bid to improve rural connectivity. The bridges measure from 6-30m in length and will be built by Cleveland Bridge UK. The plan is for the bridges to be completed within a three year period.

For more information on companies in this article

Related Content

  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
  • Sri Lanka expressway funding solution
    February 7, 2017
    Sri Lanka’s of Central Expressway project is well underway, with Phase II now being planned, Funding worth close to US$154.4 million is being delivered jointly by the People's Bank and the National Savings Bank in the shape of loans. The Section II of the project will measure nearly 40km in length and will run between Meerigama and Kurunegala. As much of this section of the route is on comparatively flat terrain, the work is expected to be less challenging from a technical viewpoint than other stretches pla
  • Sri Lanka road proposal
    March 1, 2012
    A new tolled highway linking Colombo with Kandy could be built with financial support from Malaysia.
  • Sri Lanka secures ADB loan of $800m towards latest road revamps
    October 26, 2015
    The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme. The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million. Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces. Sri Lanka recently announced that $292 million has been secured from the Japan International Cooperation Agency for a new