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 road proposal
    March 1, 2012
    A new tolled highway linking Colombo with Kandy could be built with financial support from Malaysia.
    Read More
  • 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
    Read More
  • New elevated highway project for Sri Lanka
    October 1, 2018
    Work now looks ready to move ahead for an elevated highway project in Sri Lanka’s capital Colombo. Funding has been secured in the shape of a loan worth US$300 million from the Asian Development Bank (ADB) to help carry out the work. In all the work is expected to cost $360 million and involves building a 5.3km section of elevated highway. This new elevated route will be tolled for users when complete and will connect the new bridge spanning the Kelani River, which itself is due for completion in 2020
    Read More
  • Sri Lanka highway project receiving Japanese funding
    February 27, 2018
    The Central Expressway project in Sri Lanka is receiving funding from Japan, with a package worth US$940.7 million from the Tokyo Mitsubishi Bank of Japan. The contract meanwhile has been awarded to Japanese construction firm M/S Taisei Corporation. The firm will build a 32.5km section of the Central Expressway running from Pothuhera to Ramukkana and then to Galagedera.
    Read More

Highlighted Content