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

  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
  • CDB to lend Sri Lanka US$580mn to finance roads and other infrastructure
    May 23, 2013
    China Development Bank Corporation (CDB) says it will provide a loan facility worth US$ 580 million to help Sri Lanka carry out key infrastructure projects. Of the amount, $300 million will be used for developing roads, $200 million for water supply projects and the rest will be for the national business school. The new facility will increase the total lending of CDB to Sri Lanka to more than $1.4 billion
  • Tajikistan road project funding package
    June 18, 2018
    Funding is being secured for a road rebuild and widening project in Tajikistan. The 82km road runs between Dushanbe and Bokhtar and the work should be complete by 2023. The Chinese contractor Xinjiang Beixin is working on phase 1 of the project, building a 33km stretch of the route that is costing US$96 million. Phase 2 of the project is for a 40km section of the route, with construction due to start in the second half of 2018. The phase 2 construction work will be financed by $90 million of funding being s
  • India’s longest road tunnel continues apace with Atlas Copco support
    May 20, 2014
    The challenging construction of India’s largest road tunnel is part of a vital US$500 million project aiming to connect the isolated northern state of Jammu and Kashmir with the rest of the vast and highly populated country. Guy Woodford reports Travelling on National Highway 1A (NH 1A) in northern India should be the dictionary definition of ordeal. The single lane, narrow and winding road crosses some of the steepest, most treacherous terrain on the planet. The arduous route becomes especially difficult t