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

  • Projects planned for Nepalese highway network
    January 9, 2014
    A series of major trade routes are being upgraded in Nepal, which are intended to help boost bilateral trade with neighbouring India and China. This will see four key trade routes being upgraded to six lanes. These are the; Butwal-Belhiya, Rani-Ithari, Surybinayak-Dhulikhel and Birgunj-Pathalaiya highway sections. Work is already underway on the Butwal-Belihiya and Rani-Ithari highway sections while work is also being planned for the Suryabinayak-Dhulikhel and Birgunj-Pathalaiya highways. Of the 24km stretc
    Read More
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Moldova gets EBRD loan for M1, M2 upgrades
    August 28, 2023
    The work will enhance transport connectivity by strengthening core transport links with a focus on the pan-European TEN-T network.
    Read More
  • Ghana road improvements being planned
    July 18, 2018
    A series of road upgrades and safety improvements will be introduced across the network in Ghana. In all US$154 million will be provided in a loan from the World Bank Group's International Development Association (IDA) for a series of road projects. The IDA loan has a 20-year repayment period. The improvement programme calls for improvements and upgrades to 370km of roads in the north of Ghana. Meanwhile new management practices will also be introduced to Ghana’s transport sector in a bid to boost its effic
    Read More

Highlighted Content