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 loan worth US$250 million will be help pay for road development work in parts of India. The loan is being provided by the Asian Development Bank (ADB) in a deal agreed with the Indian Government. This funding will be used for road projects in five of India’s states. The work will focus on boosting connectivity and safety, particularly for rural areas. In all some 12,000km of roads will be improved with the programme. Another $250 million loan will also be provided by the ADB with this package intended to
The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
Turkey’s programme of bridge and highway building looks set to continue with a funding package for the 1915 Canakkale Bridge and Highway project being found. The bridge will span the Dardanelles Straits and the funding package is worth US$2.83 billion. The financing will come in the shape of a loan has been secured by a group of 24 banks and institutions from 10 countries in all. The loan calls for a 15 year repayment period. The bridge will be a constructed by a consortium, Canakkale Otoyol.
The Sri Lankan Government is seeking private investment to help develop its new expressway project, which will boost connectivity between capital Colombo and other major conurbations. The expressway will cost some US$1.5 billion to construct and the authorities have already had interest shown in the project by investors from China, Malaysia and South Korea. The 98km Colombo-Kandy section of the project is expected to cost $1 billion to construct. The route will be tolled and the deal will be offered under a
