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.
Two highway stretches in Sri Lanka may be sold to a Chinese company. The firm, Shangdong, is looking at purchasing the concessions for the Colombo-Katunayake expressway and the Colombo Outer Circular expressway in Sri Lanka. The two highways have a pricetag of around US$600 million. A substantial portion of the funding for the Colombo-Katunayake expressway, some $248.2 million, was provided by China’s Exim Bank while the remaining $45 million was provided by the Sri Lanka Government.
The National Highways Authority of India (NHAI) has awarded a highway widening contract worth US$202 million (INR 12.32 billion) to IL&FS Engineering and Construction Company.
IL&FS will widen to four lanes 127km of the Patna-Gaya-Dobhi section of NH-83 in the north eastern Indian state of Bihar.
The project is due for completion in three years and it will be undertaken under the Official Development Assistance Loans programme of the Japan International Cooperation Agency (JICA).
