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 secures ADB loan of $800m towards latest road revamps
    October 26, 2015
    The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme. The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million. Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces. Sri Lanka recently announced that $292 million has been secured from the Japan International Cooperation Agency for a new
  • Algeria to engage Japanese government over dispute with Cojaal
    January 14, 2015
    The Algerian government is now talking directly to the Japanese government in an effort to resolve a dispute with sacked Japanese highways consortium Cojaal, In 2006, Cojaal won a US$5 billion deal to build the 359km eastern section of Algeria’s proposed 900km East-West Highway within 40 months. Algeria divided the contract into three sections, with the Chinese company Citic-CRCC winning the central and western sections, which in total was to cost around $6 billion.
  • New bridge to connect Sri Lanka capital
    September 2, 2015
    Sri Lanka plans to construct a new bridge that will improve transport connections to capital Colombo. The six lane bridge will span the Kelani River. It will be built parallel to the existing Kelani Bridge (Japan Friendship Bridge) and help cut congestion on this important travel route. The project is expected to cost US$335.6 million. The bridge will feature an elevated approach road and the project also includes the construction of interchanges linking the Colombo-Katunayake Expressway (CKE), Baseline Roa
  • China supplies road funding to Sri Lanka
    February 14, 2012
    Chinese financing will be used to pay for new road links in Sri Lanka. The China Development Bank is providing sources to funds of up to US$500 million that will pay for key road upgrades in Sri Lanka.