Sri Lankan government awards Rs. 4.2 billion contract to rehabilitate and improve roads
Sri Lanka’s Cabinet of Minister has last week approved the awarding of a Rs. 4.2 billion contract to MAGA Engineering Ltd in Sri Lanka for the rehabilitation and improvement of the road section from Kirulapone to Godagama and the road section from Pamankada to Pokunuvita.
The contract is to be carried out under the Southern Road Connectivity Project.
According to the local media, the Company was the substantially responsive evaluated bidder as recommended by the Standing Cabinet Appointed Procurement Committee.
Bids were invited under the International Competitive Procedure and the project is funded by the Asian Development Bank (ADB).
The proposal was presented to Cabinet by Sri Lanka’s Minister of Roads and Highways Johnston Fernando.
OSL take:
Sri Lanka’s ongoing development programme has opened up many business/investment opportunities in the country for foreign businesses. Most of the infrastructure development programmes have received foreign funding making them good business opportunities for foreign businesses. Therefore foreign businesses could explore business opportunities in Sri Lanka’s development agenda and also explore the possibility of proposing the construction of supplementary infrastructure facilities.
| Article Code : | VBS/AT/20200108/Z_2 |