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.
In Albania the government is giving its approval for an €80million (US$104.4million) loan being provided by the European Investment Bank (EIB). The project is for the Fier bypass, which forms part of the Tirana–Vlora highway. The project has faced a series of delays since work commenced a number of years ago. However, this new funding will help ensure that the work is completed.
An end to a thorny issue is close at hand concerning who will fund construction of a border customs plaza on the US side of a planned bridge linking Canada and the United States.
US President Barack Obama’s US$4-trillion budget did not set aside any money for the plaza for a second consecutive year, further irritating Canadian officials who are overseeing construction of the bridge.
It appears that the Canadian government might end up footing the entire bill, according to a report in Toronto’s Globe a
