Sri Lanka benefiting from external highway investment

Key highway projects in Sri Lanka are now moving forward. Chinese investment will finance a new tolled highway in Sri Lanka. The project for the US$1.5 billion tolled highway is being handled jointly by China Merchants Hua Jian Highway Investment Company and China Merchants Holdings (International) Company. The agreement is to build and operate the highway over a 25-30 year period, and which will be constructed in four separate phases. The first phase will be from Enderamulla to Ambepussa, with the second f
July 16, 2013 Read time: 2 mins
Key highway projects in Sri Lanka are now moving forward. Chinese investment will finance a new tolled highway in Sri Lanka. The project for the US$1.5 billion tolled highway is being handled jointly by China Merchants Hua Jian Highway Investment Company and China Merchants Holdings (International) Company. The agreement is to build and operate the highway over a 25-30 year period, and which will be constructed in four separate phases. The first phase will be from Enderamulla to Ambepussa, with the second from Pellendeniya to Dambulla, the third from Ambepussa to Kandy and the fourth from Mirigama to Pellendeniya. Meanwhile the 943 Asian Development Bank (ADB) is providing a $98 million loan to upgrade rural roads in the north of Sri Lanka. This ADB-funded plan will see some 120km of provincial roads being improved as part of the Northern Road Connectivity Project. Key sections of road to be improved include an 11km section of the Vavuniya-Horowpathana Road, a 13km stretch of the Medawchchiya-Kebithgollewa Road, a 12.6km segment of the Medawchchiya Road and a 31km stretch of the Kebithgollewa-Padaviya Road. The north of Sri Lanka is now seeing investment and development after a long period of decline. In addition Sri Lanka is seeking a further $75 million loan from the ADB to develop five access roads to the Southern Expressway as well as five highways linking to three interchanges under the Southern Road Connectivity Project.
Road Structures

For more information on companies in this article

Related Content

  • Sri Lanka rural road programme developed
    December 1, 2017
    Sri Lanka is setting out plans for improvements to around 3,400km of rural roads. The work will largely be paid for through a loan from the Asian Development Bank (ADB). The work will cost US$172.1 million in all, of which $150 million will be in the shape of the ADB loan and the remaining $22.1 million coming from the Sri Lankan Government budget.
    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
  • Chinese infrastructure investment
    April 25, 2012
    China's Ji'an city is investing an impressive US$11.88 billion in developing transportation during the 12th Five-Year Plan, while the Asian Development Bank (ADB) is offering a loan worth US$200 million to China's Guangxi Zhuang Autonomous Region.
    Read More
  • Funding programme for Sri Lankan rural roads
    November 21, 2019
    A new funding package has been agreed to help pay for Sri Lanka’s rural road development programme.
    Read More

Highlighted Content