Skip to main content

Sri Lanka highway funding secured

A key financing package has been secured for the first phase of Sri Lanka’s Central Expressway project. Funding worth US$1 billion is being provided by China’s Exim Bank for the highway. Construction of this route will improve transport between the port of Colombo and the port of Hambantota.
May 17, 2018 Read time: 1 min

A key financing package has been secured for the first phase of Sri Lanka’s Central Expressway project. Funding worth US$1 billion is being provided by China’s Exim Bank for the highway. Construction of this route will improve transport between the port of Colombo and the port of Hambantota.

Related Content

  • 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.
  • Sri Lanka road funding package secured
    November 16, 2021
    A loan facility for Sri Lanka will be used for road funding.
  • 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
  • Sri Lanka road proposal
    March 1, 2012
    A new tolled highway linking Colombo with Kandy could be built with financial support from Malaysia.