Skip to main content

Sri Lanka expressway funding solution

Sri Lanka’s of Central Expressway project is well underway, with Phase II now being planned, Funding worth close to US$154.4 million is being delivered jointly by the People's Bank and the National Savings Bank in the shape of loans. The Section II of the project will measure nearly 40km in length and will run between Meerigama and Kurunegala. As much of this section of the route is on comparatively flat terrain, the work is expected to be less challenging from a technical viewpoint than other stretches pla
February 7, 2017 Read time: 1 min
Sri Lanka’s of Central Expressway project is well underway, with Phase II now being planned, Funding worth close to US$154.4 million is being delivered jointly by the People's Bank and the National Savings Bank in the shape of loans. The Section II of the project will measure nearly 40km in length and will run between Meerigama and Kurunegala. As much of this section of the route is on comparatively flat terrain, the work is expected to be less challenging from a technical viewpoint than other stretches planned.

Related Content

  • Big East Asia backing for Colombo, Sri Lanka expressway and bridge projects
    February 26, 2014
    China Merchants Holdings (International) Company and China Merchants Hua Jian Highway Investment Company have Sri Lankan government approval to build and operate an expressway from the capital, Colombo, to the central part of the country. With the recently won approval, both companies would plan, design, finance, build and operate the first section of the US$4.5 billion Northern Expressway system. The $1.5 billion first section of the expressway will be built in four stages, namely from Ambepussa to Kandy
  • New bridge project for Sri Lanka
    September 30, 2013
    A bridge costing some US$321 million will be built in Sri Lanka to span the Kelani River. This new link will reduce congestion at Baseline Road and in the area of Peliyagoda. The bridge is expected to take three years to construct and will measure 415m long. The project is being funded by the Japan International Cooperation Agency (JICA), which is also funding the design detail and feasibility studies. Meanwhile the Asian Development Bank (ADB) has approved credit $75 million for the construction of roads l
  • New elevated highway project for Sri Lanka
    October 1, 2018
    Work now looks ready to move ahead for an elevated highway project in Sri Lanka’s capital Colombo. Funding has been secured in the shape of a loan worth US$300 million from the Asian Development Bank (ADB) to help carry out the work. In all the work is expected to cost $360 million and involves building a 5.3km section of elevated highway. This new elevated route will be tolled for users when complete and will connect the new bridge spanning the Kelani River, which itself is due for completion in 2020
  • Funding programme for Sri Lankan rural roads
    November 21, 2019
    A new funding package has been agreed to help pay for Sri Lanka’s rural road development programme.