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

  • Nigerian road upgrade deals signed
    August 9, 2022
    New Nigerian road upgrade deals have been signed.
    Read More
  • Pakistan’s key highway and bridge connections
    September 28, 2017
    Plans are now being drawn up for a series of projects that will form part of the China-Pakistan Economic Corridor (CPEC). Four road projects worth over US$3.32 billion have been added to the CPEC programme. The Chinese Government is now in agreement with the plans for the CPEC. One of the new roads being built will run from Naukundi, through Mashkel and to Panjgur. The road will join National highway N-40 with CPEC Route N-85, and the Zhob-Kuchlak route. This last link forms part of the Western Corridor CPE
    Read More
  • New EU-Russian highway connection
    February 18, 2013
    Among the forests and lakes of Finland, one of Europe's newest motorway links is being built as a Green highway linking Europe to Russia - Adrian Greeman reports The road eastwards from Finland's capital Helsinki, along the north coast of the Gulf of Finland, has not carried heavy traffic volumes, at least until recent times. Highway seven as it is designated locally, or E18 in European nomenclature, is partly motorway but in some sections still dual carriageway or even just a single lane each way, finishin
    Read More
  • Funding for West Africa road link
    July 30, 2021
    Funding has been secured for a vital West African road link.
    Read More

Highlighted Content