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

  • Sri Lanka is suffering a worrying increase in road accidents and road related fatalities
    April 19, 2012
    The latest data from Sri Lanka reveals a massive rise in road accidents and the deaths. Finding the root cause is not straightforward however and may be many complex causes for this scenario. Key factors have been identified by local experts however and these include reckless driving without adequate road discipline, the absence of an effective procedure for issuing driving licenses and a lack of any training procedures for drivers as well as other road users. Other key problems include deficiencies in the
    Read More
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Key French highway upgrade deal for consortium
    March 5, 2012
    The French Government has agreed a highway contract with consortium Atlandes for a section of the A63 autoroute in southwest France.
    Read More
  • Loan for highway in India’s Chhattisgarh State
    June 4, 2019
    A loan will help pay for a new highway project in India’s Chhattisgarh State. The US$350 million loan is being provided by the Asian Development Bank (ADB). In all the highway is expected to cost $521.7 million, with the remaining $171.7 million being provided by the Indian Government. The new highway is expected to boost trade and transport in the state.
    Read More

Highlighted Content