Skip to main content

Sri Lanka deal for Chinese firm

A US$131 million road contract in Sri Lanka will be handled by Chinese firm Dagang Road Machinery.
February 14, 2012 Read time: 1 min
A US$131 million road contract in Sri Lanka will be handled by Chinese firm 2636 Dagang Road Machinery. The project is for phase II of a road upgrade and has been agreed with the 2638 Road Development Authority of Sri Lanka. Up to 15% of the work will be completed in 2011 should the project progress as planned.

For more information on companies in this article

Related Content

  • Sri Lanka's new highway - on track
    February 14, 2012
    Work is progressing on-track on Sri Lanka's Southern Expressway project. This will be the country's first expressway and is expected to be completed by 2012, removing the bulk of traffic from the existing coastal road that is highly congested and also has serious safety issues.
  • Chinese firm awards sub-contract package in Sri Lanka
    February 27, 2012
    A Chinese contractor is awarding sub-contracting work in Sri Lanka on a number of key road projects in Jaffna.
  • Sri Lanka benefiting from external highway investment
    July 16, 2013
    Key highway projects in Sri Lanka are now moving forward. Chinese investment will finance a new tolled highway in Sri Lanka. The project for the US$1.5 billion tolled highway is being handled jointly by China Merchants Hua Jian Highway Investment Company and China Merchants Holdings (International) Company. The agreement is to build and operate the highway over a 25-30 year period, and which will be constructed in four separate phases. The first phase will be from Enderamulla to Ambepussa, with the second f
  • Sri Lanka road financing deal agreed
    June 4, 2015
    A financing deal has been signed for a series of major road projects in Sri Lanka. A second loan facility worth US$107 million has been agreed between the Sri Lankan Government and the Asian Development Bank (ADB). This loan facility will be used to finance road upgrade projects in Sabaragamuwa Province, North Western Province, Western Province, North Central Province and Central Province. This loan forms part of the $800 million Integrated Road Investment Programme planned by the Sri Lankan Government. The