Skip to main content

Sri Lanka secures ADB loan of $800m towards latest road revamps

The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme. The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million. Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces. Sri Lanka recently announced that $292 million has been secured from the Japan International Cooperation Agency for a new
October 26, 2015 Read time: 1 min
The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme.

The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million.

Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces.

Sri Lanka recently announced that $292 million has been secured from the 2416 Japan International Cooperation Agency for a new bridge across the Kelani River. It will be built parallel to the existing Kelani Bridge called the Japan Friendship Bridge, and is expected to cost around $335 million.

The bridge will feature an elevated approach road and new interchanges linking the Colombo-Katunayake Expressway, Baseline Road and Colombo Port. Construction will start in January 2017.

For more information on companies in this article

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$154.4 million credit facility will be put toward projects such as repairing or replacing bridges and around 140km of provincial roads that were damaged in the north of Sri Lanka, where the civil war was most intense.
  • Papua New Guinea mends its bridges
    February 28, 2022
    Under the latest tranche of the Sustainable Highlands Highway Investment Programme, 45 of the estimated 71 bridges will be completely replaced.
  • Feasibility studies for first phase of Sri Lanka’s Northern Expressway
    August 3, 2012
    An environmental impact assessment and feasibility studies will be carried out on the first phase of the proposed Northern Expressway in Sri Lanka. The earmarked key highway route will link Colombo with Jaffna in the north of the country. Phase one of the project will cost an estimated US$ 1billion.
  • Sri Lanka transport boost
    September 29, 2016
    Major plans to upgrade Sri Lanka’s transportation network are being developed. The plans call for upgrades to roads, rail and port facilities right across the country, in a bid to boost the economy. Assistance in preparing the improvement plans for roads, rail links and port facilities is being provided by the Asian Development Bank (ADB). The focus will be on improving transport links both between and within the country’s major towns and cities. One of the priority projects so far identified is for a new r