Sri Lanka road financing deal agreed

A financing deal has been signed for a series of major road projects in Sri Lanka. A second loan facility worth US$107 million has been agreed between the Sri Lankan Government and the Asian Development Bank (ADB). This loan facility will be used to finance road upgrade projects in Sabaragamuwa Province, North Western Province, Western Province, North Central Province and Central Province. This loan forms part of the $800 million Integrated Road Investment Programme planned by the Sri Lankan Government. The
June 4, 2015 Read time: 1 min
A financing deal has been signed for a series of major road projects in Sri Lanka. A second loan facility worth US$107 million has been agreed between the Sri Lankan Government and the Asian Development Bank (ADB). This loan facility will be used to finance road upgrade projects in Sabaragamuwa Province, North Western Province, Western Province, North Central Province and Central Province. This loan forms part of the $800 million Integrated Road Investment Programme planned by the Sri Lankan Government. The new road links will help improve transport in these provinces.
Road Structures Finance & Funding

Related Content

  • Indian projects in hand
    March 2, 2012
    The Indian states of Rajasthan, Maharashtra and Gujarat will see major expansion of road infrastructure.
    Read More
  • Chinese funding for Sri Lanka road project
    March 27, 2019
    Funding from China in the shape of a loan will help pay for a major expressway project in Sri Lanka.
    Read More
  • 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
    Read More
  • Major highway upgrade planned in Sri Lanka
    August 11, 2014
    In Sri Lanka work is planned for a major highway upgrade project. The work will see a 151.3km stretch of the A5 highway being widened and improved in a deal worth some US$140 million. The work is being planned by Sri Lanka’s Government and is for the stretch of A5 between Badulla and Chenkaladi. Improvement work on the Peradeniya-Badulla section of the A5 highway has now been completed and this latest project is the next phase of the A5 upgrade. The project is being partly financed by the OPEC Fund for Inte
    Read More

Highlighted Content