Sri Lanka re-commences construction of Central Expressway
Sri Lanka has recommenced the construction of the Section I of the Central Expressway from Kadawatha to Mirigama.
The construction of Stage I is being carried out through a US$ 989 million concessional loan from the Exim Bank of China.
The main contractor is Metallurgical Corporation of China and the venture will generate 1,500 direct and indirect jobs for Sri Lankans, the Chinese Embassy has tweeted.
The Ministry of Highways has made a payment of Rs 16.67 billion as an initial advance to the contractor for the project that was reportedly commissioned five years ago.
The Kadawatha-Mirigama section of the Central Expressway is expected to be 36.54km in length and 24.4m in width with four lanes.
Sri Lanka’s Ministry of Highways has estimated Rs. 158 billion for the construction of the road and the Kadawatha to Meerigama section is expected to be completed within four years.
OSL take:
Sri Lanka is in the process of recommencing its development agenda that was temporarily stalled due to political changes and the global Covid 19 pandemic. The country’s development programme has opened up many business/investment opportunities in Sri Lanka. Foreign businesses could therefore explore business opportunities in Sri Lanka’s development programme.
| Article Code : | VBS/AT/20200922/Z_1 |