Skip to main content

Sri Lanka highway project receiving Japanese funding

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.
February 27, 2018 Read time: 1 min

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.

Related Content

  • Funding programme for Sri Lankan rural roads
    November 21, 2019
    A new funding package has been agreed to help pay for Sri Lanka’s rural road development programme.
  • Sri Lanka highway assets for sale to Chinese firm?
    August 29, 2017
    Two highway stretches in Sri Lanka may be sold to a Chinese company. The firm, Shangdong, is looking at purchasing the concessions for the Colombo-Katunayake expressway and the Colombo Outer Circular expressway in Sri Lanka. The two highways have a pricetag of around US$600 million. A substantial portion of the funding for the Colombo-Katunayake expressway, some $248.2 million, was provided by China’s Exim Bank while the remaining $45 million was provided by the Sri Lanka Government.
  • China supplies road funding to Sri Lanka
    February 14, 2012
    Chinese financing will be used to pay for new road links in Sri Lanka. The China Development Bank is providing sources to funds of up to US$500 million that will pay for key road upgrades in Sri Lanka.
  • Construction underway for key Sri Lanka route
    July 8, 2015
    Construction of a new expressway connecting Hambantota with Matara is now underway in Sri Lanka. This new expressway will link with the existing southern expressway that runs between Matara and Colombo through the southern town of Galle. The new Hambantota-Matara expressway is cost US$180 million to construct. Funding for the project has been provided by the Exim Bank of China.