Skip to main content

Sri Lanka highway secures Japanese funding

A funding package from Japan will help pay for the third stage of Sri Lanka’s key Central Expressway project. The third phase of the Central Expressway project will be constructed by the Japanese firm, Taisei Corporation, with the work taking five years to complete. Financing worth US$883 million is being provided by the Japanese Government for the project. This third stage of the Central Expressway will stretch 32.5km and will connect Pothuhera with Galagedara.
September 28, 2017 Read time: 1 min

A funding package from Japan will help pay for the third stage of Sri Lanka’s key Central Expressway project. The third phase of the Central Expressway project will be constructed by the Japanese firm, 2808 Taisei Corporation, with the work taking five years to complete. Financing worth US$883 million is being provided by the Japanese Government for the project. This third stage of the Central Expressway will stretch 32.5km and will connect Pothuhera with Galagedara. The project will be costly and complex due to the undulating terrain, which requires the construction of 14 bridges and three tunnels. In all, 5km of the route will comprise flyover sections. 

For more information on companies in this article

Related Content

  • Sri Lanka expressway – funding secured
    July 9, 2018
    The funding for a stretch of Sri Lanka’s Central Expressway project now looks to have been secured. A loan of nearly US$904 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) will provide the necessary finance package for the project. The route of the Central Expressway runs from Colombo to Dambulla, having originally been called the Northern Expressway Project. This latest funding package will help pay for work to the 32.5km link running off to the east at Pothuhera and running to Galagedara, close
  • Sri Lanka highway project receiving Japanese funding
    February 27, 2018
    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.
  • Chinese funding for Sri Lanka road project
    March 27, 2019
    Funding from China in the shape of a loan will help pay for a major expressway project in Sri Lanka.
  • 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.