Japanese funding will help pay for the construction of a key bridge link in Sri Lanka. The Japan International Cooperation Agency (JICA) is providing a loan worth US$292.14 million for the bridge project. The new link will span the Kelani River.
October 12, 2015
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Japanese funding will help pay for the construction of a key bridge link in Sri Lanka. The Japan International Cooperation Agency (JICA) is providing a loan worth US$292.14 million for the bridge project. The new link will span the Kelani River.
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.
The Nepalese Government is to receive a loan from the Japanese International Cooperation Agency (JICA) for a key tunnel project. The JICA loan is being offered at an interest rate of 1% for the next 40 years. The project is expected to cost in the region of US$150.1 million to construct. The new link will reduce traffic congestion on the existing Nagdhunga-Thankot road. Work is expected to commence in the next 18 months. The survey for the 2.5km tunnel has been carried out by the Department of Roads.
