Skip to main content

Sri Lanka road project partially funded by South Korea

A new four lane road and tunnel connection is to be built in the Sri Lankan city of Kandy. The tunnel section will measure a total of 4.4km while the project also includes 1.2km of connecting roads. The project is costing over US$252 million to construct of which just over $199 million will be supplied by the Economic Development Cooperation Fund (EDCF) from South Korea.
April 7, 2017 Read time: 1 min
A new four lane road and tunnel connection is to be built in the Sri Lankan city of Kandy. The tunnel section will measure a total of 4.4km while the project also includes 1.2km of connecting roads. The project is costing over US$252 million to construct of which just over $199 million will be supplied by the Economic Development Cooperation Fund (EDCF) from South Korea.

Related Content

  • Virginia tunnel project seeing advance
    July 19, 2023
    Virginia’s massive tunnel project is seeing advance.
  • Sri Lanka highway project receiving Japanese funding
    February 27, 2018
    The Central Expressway project in Sri Lanka is receiving funding from Japan, with a package worth US$940.7 million from the Tokyo Mitsubishi Bank of Japan. The contract meanwhile has been awarded to Japanese construction firm M/S Taisei Corporation. The firm will build a 32.5km section of the Central Expressway running from Pothuhera to Ramukkana and then to Galagedera.
  • Australian state government does a deal with East West Connect
    April 15, 2015
    The state government of Victoria in Australia will pay the East West Connect consortium US$258 million to cancel construction of Melbourne’s East West Link road tunnel. The payoff is to cover the consortium's bidding, design and pre-construction costs and draw a line under the deal that has been mired in financial controversy for years. The federal government slammed Victoria’s decision to bail out of the project as “an obscenity’’ that will cost 7000 jobs, according to a report in The Australian news
  • Zimbabwe highway project faces delay
    July 12, 2018
    The project to build Zimbabwe’s crucial north-south highway link is facing delays, with the contract now having to be re-awarded. The tender was originally awarded to an Austrian firm, Geiger International, but with progress having proven very slow this has been withdrawn. The deal has not yet been re-awarded. But the Zimbabwe Government is at present in discussions with the second bidder from the original tender process, Anhui Foreign Economic Construction Group Limited (AFECC), over the contract. The hig