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

  • Bolivia’s latest highway project is underway
    May 29, 2018
    Bolivia’s new highway project will improve connections with Brazil and Chile – Mauro Nogarin reports. Work is underway on Bolivia’s new Rurrenabaque – Riberalta highway project, which will boost connectivity for the country. The project is being coordinated by the Bolivian Highway Administration (ABC), with an Eximbank loan of US$579.4 million providing the financing for 85% of the work. The remaining 15% of the funding will come from the Beni Department’s budget, where the route is being built. Located in
    Read More
  • Sri Lanka’s latest road project improves connectivity
    October 9, 2017
    A major road project in Sri Lanka will improve connectivity and will benefit from financing supplied by the World Bank. A loan worth US$125 million from the World Bank will help with funding for the road connecting Ja-Ela and Chilaw. The project for National Road A003 will also utilise a performance-related structure for the contractors carrying out the work. The firms working on the project will be paid on the quality of their performance rather than by the quantity of work carried out. It is not clear how
    Read More
  • Nepal sets major infrastructure programme in motion
    February 15, 2012
    The Nepalese Government is setting out a strategy to invest heavily in its transport connections. The country has set a budget of US$5.49 billion for the fiscal year 2011-2012, with $530 million to be spent on the infrastructure development programme.
    Read More
  • Mott MacDonald to upgrade major west Spain highway
    July 17, 2013
    Mott MacDonald (MM) has been appointed by Sociedad Concesionaria Autovía de la Plata as lender’s technical advisor for a major highway upgrade in western Spain. The project involves the design, construction, maintenance, operation and finance of a 49km two-lane dual carriageway between Benavente and Zamora. The new road, which will bypass the existing single carriageway through local villages, will form the last section of the 809km A-66 Autovía de la Plata highway, connecting Gijon in the north to Seville
    Read More

Highlighted Content