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

  • Sri Lanka's road rebuilding
    May 29, 2012
    A loan from the Philippines-based Asian Development Bank (ADB) will help Sri Lanka rebuild roads damaged by its civil war. The US$154.4 million credit facility will be put toward projects such as repairing or replacing bridges and around 140km of provincial roads that were damaged in the north of Sri Lanka, where the civil war was most intense.
  • 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
  • Nicaragua projects receive Japanese funding
    August 9, 2017
    Japanese financing will help pay for new bridges in Nicaragua. The funding package is worth nearly US$43 million and is being provided by the Japan International Cooperation Agency (JICA). The four bridge will be constructed on the road that connects Rio Blanco and Siuna in Nicaragua’s North Caribbean Coast Autonomous Region (RACCN). The agreement has been settled between JICA and the Nicaraguan Government. The new bridges will help improve connections between the Pacific Coast Coast and the Caribbean Coast
  • 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