Sri Lanka transport boost

Major plans to upgrade Sri Lanka’s transportation network are being developed. The plans call for upgrades to roads, rail and port facilities right across the country, in a bid to boost the economy. Assistance in preparing the improvement plans for roads, rail links and port facilities is being provided by the Asian Development Bank (ADB). The focus will be on improving transport links both between and within the country’s major towns and cities. One of the priority projects so far identified is for a new r
September 29, 2016 Read time: 2 mins
Major plans to upgrade Sri Lanka’s transportation network are being developed. The plans call for upgrades to roads, rail and port facilities right across the country, in a bid to boost the economy. Assistance in preparing the improvement plans for roads, rail links and port facilities is being provided by the Asian Development Bank (ADB). The focus will be on improving transport links both between and within the country’s major towns and cities. One of the priority projects so far identified is for a new road link between Colombo’s port and the country’s highway network. Port facilities in capital Colombo as well as Galle, Hambantota, Kankasanthurai, Oluvil, and Trincomalee will be upgraded. The transport studies are commencing shortly and should take until 2022 to be complete. The funding sources for the transport upgrades have yet to be determined but PPP projects seem a likely option for much of the work required.
Finance & Funding Road Structures

Related Content

  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • Chinese firm awards sub-contract package in Sri Lanka
    February 27, 2012
    A Chinese contractor is awarding sub-contracting work in Sri Lanka on a number of key road projects in Jaffna.
    Read More
  • We're here to help
    July 16, 2012
    Formed at the end of the Cold War, the European Bank for Reconstruction and Development has raised, and loaned, billions to revitalise infrastructure from central Europe to central Asia as Patrick Smith reports One of the highlights of the year for Thomas Maier has been the recent trip to Bratislava, the capital of Slovakia, where history was made. As the Business Group director in charge of the infrastructure sector at the European Bank for Reconstruction and Development (EBRD) he was present when contract
    Read More
  • Public Private Partnerships for Roads Development
    May 29, 2018
    Key to Bridging the Road Investment Gap. There remains a very large gap between the world’s infrastructure needs to meet population and economic growth, and the public sector’s ability to procure commensurate funding. In the road sector, major consulting house McKinsey estimates investments need to be US$900 billion/year to keep pace with projected growth while current levels of investments fall short of this figure by $180 billion globally. Private finance is increasingly perceived as one of the main lever
    Read More

Highlighted Content