The authorities in Sri Lanka's capital Colombo intend to invest in new storm drains in the near future. Photo courtesy of World Highways reader Lionel Rajapakse.
May 28, 2012
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The authorities in Sri Lanka's capital Colombo intend to invest in new storm drains in the near future. Photo courtesy of World Highways reader Lionel Rajapakse.
Nearly a third of Sri Lanka’s new US$11.5 billion transport master plan will be spent on road development in and around the capital Colombo.
The plan, unveiled by the Western Region Megapolis Planning Project (WRMPP) – covers the next 20 years. Work will start on the first projects withinsix month, according to a report by the Daily Mirror newspaper.
The other two-thirds will be spent on a light rail transit system, railway electrification, bus modernisation and inland waterways.
The project is to
Two highway stretches in Sri Lanka may be sold to a Chinese company. The firm, Shangdong, is looking at purchasing the concessions for the Colombo-Katunayake expressway and the Colombo Outer Circular expressway in Sri Lanka. The two highways have a pricetag of around US$600 million. A substantial portion of the funding for the Colombo-Katunayake expressway, some $248.2 million, was provided by China’s Exim Bank while the remaining $45 million was provided by the Sri Lanka Government.
