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.
Funding from South Korea will help finance work on a key road link for the Vietnamese city of Hanoi. The state-run Export-Import Bank (EXIM) of Korea will provide loans worth up to US$200 million to build the 17.85km road, which will connect Hanoi to a nearby industrial area. The four lane road will link the Nhon Trach industrial complex with Ho Chi Minh (HCM) City. The EximBank’s economic development cooperation fund is supplying the loans. In all the road project is likely to cost some $430 million, with
The Ministry of Public Works and Transport of Cambodia (MPWTC) said it expected the completion of a US$27million upgrade of Road No9, linking the districts of Phin and Outhoumphone, by March 2015.
The forecast comes after the MPWTC awarded a civil work contract to a Japan-based joint venture between Obayashi and Obayashi Road. The ministry will utilise a grant from the Japan International Cooperation Agency (JICA) to finance the project.
In Ethiopia the construction of two new road links will be carried out by Chinese and Spanish contractors. The Ethiopia Roads Authority (ERA) awarded a contract worth close to US$48 million to Hunan Huanda Road and Bridge Corporation of China to build a 48.3km road in the south of the country. The work will take 29 months to complete. Two Spanish firms meanwhile will work together to carry out a $60.6 million contract in Ethiopia’s Oromia State. This project is for a 63km road connecting Ambo with Walliso.
Funding from Japan will help pay for a major tunnel project in Nepal. The work is expected to cost close to US$200 million and includes building two tunnel stretches. The project was first put forward in 2010 and work is now intended to commence in 2020, with its completion scheduled for 2023. The tunnel sections will be built in the area close to Bhaktapur, which lies to the east of capital Kathmandu. Once the links are complete this is expected to reduce traffic congestion to the eastern side of Kathmandu
