Sri Lankan government approves construction of a new bridge connecting two key urban areas
Sri Lanka’s Cabinet of Ministers has reportedly approved the construction of a new bridge across the Rajagiriya-Nawala canal in the Colombo District at a cost of Rs. 1.6 billion.
The construction had been handed over to the State Development and Design Corporation, Sri Lanka’s Government Information Department has stated.
According to reports, limited competitive bids were called to award the contract for the construction of a new bridge across Rajagiriya-Nawala canal connecting Angampitiya Road at Ethulkotte and School Lane, Rajagiriya at Nawala – two busy suburbs in Colombo.
Accordingly, the proposal submitted by Sri Lanka’s Minister of Highways Johnston Fernando to award the relevant contract to the State Development and Design Corporation for a sum of Rs. 1,698.55 billion (excluding VAT), as recommended by the standing committee on procurement appointed by the Cabinet of Ministers, was approved by the Cabinet of Ministers.
OSL take:
The recommencement of Sri Lanka’s development programme by the government after a brief suspension due to the global Covid 19 pandemic has resulted in a boost in the country’s construction and road and highways development areas. Development in these sectors are being carried out in all parts of the country. This has opened up many business/investment opportunities to the discerning investor.
| Article Code : | VBS/AT/17112020/Z_2 |