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

  • Major highway upgrade planned in Sri Lanka
    August 11, 2014
    In Sri Lanka work is planned for a major highway upgrade project. The work will see a 151.3km stretch of the A5 highway being widened and improved in a deal worth some US$140 million. The work is being planned by Sri Lanka’s Government and is for the stretch of A5 between Badulla and Chenkaladi. Improvement work on the Peradeniya-Badulla section of the A5 highway has now been completed and this latest project is the next phase of the A5 upgrade. The project is being partly financed by the OPEC Fund for Inte
    Read More
  • Sri Lanka secures ADB loan of $800m towards latest road revamps
    October 26, 2015
    The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme. The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million. Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces. Sri Lanka recently announced that $292 million has been secured from the Japan International Cooperation Agency for a new
    Read More
  • US$5.9 billion for three Philippines expressways
    July 10, 2024
    US$5.9 billion is being spent for three new expressways in the Philippines.
    Read More
  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More

Highlighted Content