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

  • Japanese input for Sudanese bridge project
    April 25, 2012
    A key agreement between the Sudanese Government and the Japan International Cooperation Agency (JICA) will see a new bridge being built in South Sudan. The US$90 million bridge will measure 560m long and will span the River Nile. A seven month feasibility study has already been carried out into the project for Sudan’s road and bridges ministry and construction is expected to take three years to complete. JICA has agreed to give technical assistance although it is not clear at this stage whether funding will
    Read More
  • More Singapore work for Penta-Ocean and Bachy Soletanche
    August 6, 2018
    Singapore’s Land Transport Authority has awarded a design-build contract for a stretch of the North-South Corridor to Japanese firm Penta-Ocean Construction and Bachy Soletanche Singapore. Construction on the 1km tunnel between Suffolk Walk and Novena Rise, estimated to be worth around US$584 million, will start by the first quarter of 2019, according to a statement by the Authority. Works by the joint venture will include an underground pedestrian network, pedestrian overhead bridges, bus stops, shel
    Read More
  • Turkmenistan highway project – funding secured
    March 26, 2018
    A finance package has been secured to help pay for the building of Turkmenistan’s Ashgabat-Turkmenabat highway project. Worth US$2.4 billion, the financing comes in the shape of a loan and is being provided by the Central Bank of Turkmenistan. The finance package is being provided to the Union of Industrialists and Entrepreneurs of Turkmenistan under a 20-year loan deal that includes a grace period of five years. The new Ashgabat-Turkmenabat highway project will help to improve transport efficiency in
    Read More
  • New bridge link for Sri Lanka
    January 10, 2017
    A new bridge spanning Sri Lanka’s Mahaweli River and close to the city of Kandy has been officially opened. The bridge link connects the neighbouring villages of Dodanwala and Halloluwa in Sri Lanka’s Central Province and was opened by Maithripala Sirisena, the country’s president. The bridge is nearly 105m long and replaces a 75 year old suspension bridge that was no longer fit for purpose. The old structure carried pedestrian traffic only while the new bridge carries two lanes of vehicle traffic, as well
    Read More

Highlighted Content