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. 

Finance & Funding Road Structures

For more information on companies in this article

Related Content

  • Nicaragua capital highway route financing secured
    June 26, 2017
    The financing package for a key highway project in Nicaragua’s capital Managua has now been secured.
    Read More
  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More
  • Cameroon highway construction project underway
    August 31, 2021
    Work is now well underway on a key highway project in Cameroon.
    Read More
  • Oklahoma highway funding solution being sought
    November 21, 2017
    Funding for the final 8km section of a highway project in the US state of Oklahoma has yet to be finalised. Around US$135 million has been secured but a further $165 million will have to be secured by the Oklahoma Turnpike Authority for this section of the route. The Gilcrease Expressway will be tolled and the rates are now being set, with higher charges for commercial vehicles. The project will be complex due to the uneven terrain and tricky geology. In all 22 bridges will have to be constructed. This $30
    Read More

Highlighted Content