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.
Road Structures Finance & Funding

Related Content

  • 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
  • Tunnel or bridge link for Sri Lanka-India?
    June 24, 2015
    Plans are being considered for either a tunnel or bridge to connect Sri Lanka and India. The preferred route would be from Dhanushkodi in India to Talaimannar on the Sri Lankan island of Mannar. Building this 23km link could cost around US$3.62 billion according to estimates. Spanning the Pak Strait with a bridge might leave such a structure vulnerable to tsunami as well as typhoons however. It is worth noting that Sri Lanka’s south western coast was devastated some years ago by a tsunami precipitated by an
    Read More
  • Vietnam plans new roads for Hanoi city
    September 12, 2013
    Funding from South Korea will help finance work on a key road link for the Vietnamese city of Hanoi. The state-run Export-Import Bank (EXIM) of Korea will provide loans worth up to US$200 million to build the 17.85km road, which will connect Hanoi to a nearby industrial area. The four lane road will link the Nhon Trach industrial complex with Ho Chi Minh (HCM) City. The EximBank’s economic development cooperation fund is supplying the loans. In all the road project is likely to cost some $430 million, with
    Read More
  • New bridge to connect Sri Lanka capital
    September 2, 2015
    Sri Lanka plans to construct a new bridge that will improve transport connections to capital Colombo. The six lane bridge will span the Kelani River. It will be built parallel to the existing Kelani Bridge (Japan Friendship Bridge) and help cut congestion on this important travel route. The project is expected to cost US$335.6 million. The bridge will feature an elevated approach road and the project also includes the construction of interchanges linking the Colombo-Katunayake Expressway (CKE), Baseline Roa
    Read More

Highlighted Content