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

  • Bangladesh highway development project for trade corridor
    October 27, 2017
    Funding worth US$1.2 billion will help pay for the stage two portion of the project to upgrade the Northwest Trade Corridor project in Bangladesh. The highway will improve transport connections to and from Dhaka, with stage two being for the 190km stretch between Elenga and Rangpur. This funding is being provided by the Philippines-based Asian Development Bank (ADB), although further financing from the Bangladesh Government will pay for the remaining $472.6 million required for this highway section.
    Read More
  • Kazakhstan roads benefiting from Japanese loan
    May 28, 2012
    A major loan from Japan will help develop the road transport network in Kazakhstan. The Japanese government will provide a loan to the Republic of Kazakhstan worth US$76 million. The sum will be used to develop the country's road infrastructure and will boost Kazakhstan's access to European and Asian markets. The loan will allow a new bypass to be built on one of the country's main transport arteries in the southern Zhambyl province, as well as the rehabilitation of other existing routes.
    Read More
  • Serbia’s road network may benefit from major Chinese investment
    September 27, 2012
    Talks between the Chinese Development Bank and the Serbian Government could result in Chinese funding for Serbian highway projects. The Danube coast project and the Corridor 11 highway project have been identified. Some €400-€450 million of Chinese financing could be made available to Serbia for highway projects following the most recent series of discussions. Serbia’s Ministry for Transport is also in talks with Chinese partners for the construction of a series of highway projects.
    Read More
  • New Chinese expressways planned
    May 18, 2023
    New Chinese expressways are being planned.
    Read More

Highlighted Content