Sri Lankan highway upgrade

A key route in Sri Lanka is to see a major upgrade programme following provision of a US$100 million loan by the World Bank (WB).
February 29, 2012 Read time: 1 min
A key route in Sri Lanka is to see a major upgrade programme following provision of a US$100 million loan by the 2332 World Bank (WB). The 134km road runs across the island nation from a key road junction in the west to the town of Trincomalee in the east. The project is being split into sections, which will be carried out in stages. The loan is being provided by the lending unit of the WB, the International Development Association. And the deal will have a 20 year repayment period and a grace period of ten years. Sri Lanka's Government will allocate $10 million of the loan for road maintenance. This section of the project is due for completion in August 2012, while the second phase of the work is expected to start at the end of 2012.

For more information on companies in this article

Related Content

  • New East Africa highway connecting Kenya, Tanzania, South Sudan
    June 8, 2016
    East African countries continue to implement a road Master Plan developed jointly under the East African Community initiative and which aims at integrating the region’s transport corridors to meet the growing demand for road transport by the increasing intra-regional trade and vehicular traffic. Kenya has for example unveiled a US$280 million road rehabilitation project to improve its links with Tanzania and South Sudan with the backing of the African Development Bank (AfDB). Rehabilitation of the 172
    Read More
  • Planned Papua New Guinea highway project
    July 24, 2020
    The cost of a planned Papua New Guinea highway project has been revealed.
    Read More
  • Vietnam highway upgrade improving connection with Cambodia
    April 12, 2017
    A highway upgrade in Vietnam will help improve links with neighbouring Cambodia. Work is needed to upgrade the 80km stretch of highway, despite improvements carried out 10 years ago. The route links Ho Chi Minh City with the Cambodian border and is important for trade and transport between the two nations. National Highway 22B is located in of Vietnam’s southeastern province Tay Ninh in Vietnam. The work is expected to cost US$13.23 million and will be carried out in several phases. Work on the first stage
    Read More
  • Cameroon PPP partnership
    June 15, 2022
    EGIS and Fayat are establishing a PPP partnership in Cameroon.
    Read More

Highlighted Content