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 from China will help pay for work on a major highway project in China. The US$326 million loan is being supplied by the Exim Bank of China. This will help pay for Jamaica’s Southern Coastal Highway Improvement Project. The funding will also help pay for the extension of the tolled east-west highway from May Pen, Clarendon to Williamsfield, Manchester. In all the highway work is expected to cost $384 million, with Jamaica paying for the remainder from its own budget.
Financing in the shape of loans will help fund six PPP road projects in Argentina. Loans worth US$200 million and are being supplied by IDB Invest, a division of the Inter-American Development Bank (IADB). In all syndicated loans worth $900 million have been amassed from a number of banks and funding institutions to help pay for the projects. However the road projects are expected to cost in the order of $6 billion in all.
