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
Read time: 1 min
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 European Bank for Reconstruction and Development (EBRD) intends to provide a US$277 million (€200 million) loan to the Northern Capital Highway consortium, which will build the central 11.5km section of St Petersburg’s Western High Speed Diameter (WHSD) route. The EBRD’s board of directors has said will consider the loan on 14th February 2012. The finance package is of note as Russian road projects have largely found funds from other sources so far. The Northern Capital Highway consortium estimates the
India will carry out a feasibility study on a road link between Rameswaram in Tamil Nadu state and Thalaimannar in Sri Lanka, a federal government minister has said.
"It needs the consent of both countries,” said Union minister of state for road transport, highways and shipping, Pon Radhakrishnan. “The project needs to be discussed at various levels," according to a brief report by India’s Hindu newspaper.
Radhakrishnan told the reporters that federal government had begun consultations to carry out a
The Mongolian Government intends to boost investment in the country’s road network, part of a move to improve access in major towns and cities as well as connect outlying areas. With development of Mongolia’s mineral resources set to expand, new road links will be crucial to its economic future. The government has given approval for the construction of bridges and roads. This also includes repairing 35km of roads and building 25km of paved roads will be built in capital Ulaanbaatar.
