Funding for Sri Lankan highway upgrade work

A loan from the Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made
July 8, 2014 Read time: 1 min
A loan from the 943 Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made in October 2014 followed by other payments in 2016, 2017, 2018 and 2020.
Finance & Funding Road Structures

For more information on companies in this article

Related Content

  • Major highway growth in Portugal
    February 14, 2012
    Twenty years ago Portugal was bottom of the European league in terms of roads and safety. A series of ambitious plans has seen the country rise to the top. Patrick Smith reports on how this was achieved
    Read More
  • Indonesia's highway plans
    March 2, 2012
    The Indonesian Government has plans to build key new roads connecting West Kalimantan (Indonesia) and Sarawak (Malaysia), East Kalimantan (Indonesia) and Sabah (Malaysia), as well as roads in the south Java coast.
    Read More
  • Sri Lanka highway funding secured
    May 17, 2018
    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.
    Read More
  • 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.
    Read More

Highlighted Content