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

  • New Argentina highway construction work
    January 11, 2019
    Construction is underway for Argentina’s new Mendoza-San Juan Highway – Mauro Nogarin reports The rehabilitation and maintenance works of more than 3,300km of routes is now underway in Argentina. This followed on after the takeover of six new road corridors under the Public-Private Partnership (PPP) model, which took place in August 2018. The rehabilitation and maintenance works are being carried out prior to the start of the main projects, which will include the construction of highways. Building these
    Read More
  • Expanded and branded: RER Vélo bike project
    April 29, 2022
    Connected up cycling is becoming more important in France as the way to keep cyclists from giving up their COVID habit of pedalling to work and for pleasure. David Arminas reports.
    Read More
  • Expanded and branded
    October 4, 2022
    Connected-up cycling is becoming more important in France as the way to keep cyclists from giving up their COVID habit of pedalling to work and for pleasure. David Arminas reports
    Read More
  • New Argentina highway construction work
    January 11, 2019
    Construction is underway for Argentina’s new Mendoza-San Juan Highway – Mauro Nogarin reports The rehabilitation and maintenance works of more than 3,300km of routes is now underway in Argentina. This followed on after the takeover of six new road corridors under the Public-Private Partnership (PPP) model, which took place in August 2018. The rehabilitation and maintenance works are being carried out prior to the start of the main projects, which will include the construction of highways. Building the
    Read More

Highlighted Content