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.

Finance & Funding

Related Content

  • Sri Lanka port tunnel approved
    December 19, 2017
    Approval has been given for a new port tunnel connection project in Sri Lanka. The project will be carried out under the PPP model and will connect capital Colombo with Port City. The work will be carried out by with CHEC Port City Colombo, a subsidiary of China Harbour Engineering Company (CHEC).
    Read More
  • Sri Lanka Airport runway upgrade
    December 7, 2017
    Sri Lanka’s main international airport now features a new runway surface that will help improve air transport efficiency at the facility The project was carried out successfully, despite a tough time schedule, boosting safety at the airport. This new runway will help increase capacity at the airport, allowing Sri Lanka to develop the tourist sector on which the country depends heavily for its economic growth. The work at the international airport for Sri Lanka’s capital Colombo was carried out with the
    Read More
  • Megapolis sets out $11.5 billion for transport plan for Sri Lanka
    June 6, 2016
    Nearly a third of Sri Lanka’s new US$11.5 billion transport master plan will be spent on road development in and around the capital Colombo. The plan, unveiled by the Western Region Megapolis Planning Project (WRMPP) – covers the next 20 years. Work will start on the first projects withinsix month, according to a report by the Daily Mirror newspaper. The other two-thirds will be spent on a light rail transit system, railway electrification, bus modernisation and inland waterways. The project is to
    Read More
  • Sri Lanka road financing deal agreed
    June 4, 2015
    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
    Read More

Highlighted Content