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.
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
Kuwait Fund for Arab Economic Development has awarded a loan worth nearly US$35 million to the Sri Lankan government for reconstructing 25 deteriorated road bridges.
The bridges include three in Southern Province, four in Sabaragamuwa Province, nine in Western Province, three in Northern Province, five in North Western Province and a bridge in Eastern Province.
The loan comes after the Ministry of Highways, Ports and Shipping sent out an invitation to bid in October, covering eight bridges along the
China Merchants Holdings (International) Company and China Merchants Hua Jian Highway Investment Company have Sri Lankan government approval to build and operate an expressway from the capital, Colombo, to the central part of the country. With the recently won approval, both companies would plan, design, finance, build and operate the first section of the US$4.5 billion Northern Expressway system.
The $1.5 billion first section of the expressway will be built in four stages, namely from Ambepussa to Kandy
