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.
The Indonesian Government is looking to source funding for a key highway project from the Asia Infrastructure Investment Bank (AIIB). The funding will be used for the highway connecting North and East Kalimantan. This project is expected to cost US$250 million.
Japan is providing funding for infrastructure works in Tanzania. A grant from Japan will fund the construction of the Tazara flyover. Work on the project is expected to begin in July-December 2013. Meanwhile the Japanese Government is also funding a road project close to capital Dar-es-Salaam. This project comprises construction of a new dual-lane bridge in Gerezani as well as widening a 1.3km section of road that lies between the of Kilwa and Kamata intersections. The road will become a dual carriageway. I
The tender process is being planned for the Myanmar-Korea Friendship Bridge, which will connect Myanmar’s commercial centre Yangon to Dala Township. Over $137 million in loans have been pledged by the Korean Economic Development Cooperation Fund to develop the 1.87km long suspension bridge. The tender process will be international and the work is due for completion by 2020. In all the project is expected to cost in the region of $168 million.
