Sri Lanka's Central Expressway to get ADB, Japan, China finance

[Azizam]

China’s MCC gets part of Sri Lanka central expressway contract

ECONOMYNEXT – Sri Lanka has given Metallurgical Corporation of China (MCC) a contract to build the first section of an expressway to the central region which is to be funded with a loan from China’s Exim Bank.

Government negotiations with MCC had fixed the total cost of the 32.5 km section from Kossinna to Mirigama at 145.8 billion rupees or 4.5 billion per kilometre, officials said.

The first phase of the Central Expressway, from the capital Colombo to Kandy in the central hills, consists of building the road section from Kadawatha to Meerigama.

A 5 km section from Kadawatha to Kossinna is expected to be completed from savings negotiated by the government in the third phase of the Outer Circular Highway being built by MCC.

MCC has already started preliminary work on the first 5km section of the central Expressway.

The Cabinet of Ministers last week approved a proposal for the Road development Authority to sign a contract with MCC to build the road section from Kadawatha to Meerigama of the Central Expressway.

It also approved the release of 500 million rupees by the Treasury immediately to pay compensation for land acquisition.

The finance ministry is to also seek a soft loan from Exim Bank of China for the project.
(Colombo/July 27 2015)

China’s MCC gets part of Sri Lanka central expressway contract | Economynext

 

[Shotgunner51]

China’s MCC gets part of Sri Lanka central expressway contract

ECONOMYNEXT – Sri Lanka has given Metallurgical Corporation of China (MCC) a contract to build the first section of an expressway to the central region which is to be funded with a loan from China’s Exim Bank.

Government negotiations with MCC had fixed the total cost of the 32.5 km section from Kossinna to Mirigama at 145.8 billion rupees or 4.5 billion per kilometre, officials said.

The first phase of the Central Expressway, from the capital Colombo to Kandy in the central hills, consists of building the road section from Kadawatha to Meerigama.

A 5 km section from Kadawatha to Kossinna is expected to be completed from savings negotiated by the government in the third phase of the Outer Circular Highway being built by MCC.

MCC has already started preliminary work on the first 5km section of the central Expressway.

The Cabinet of Ministers last week approved a proposal for the Road development Authority to sign a contract with MCC to build the road section from Kadawatha to Meerigama of the Central Expressway.

It also approved the release of 500 million rupees by the Treasury immediately to pay compensation for land acquisition.

The finance ministry is to also seek a soft loan from Exim Bank of China for the project.
(Colombo/July 27 2015)

China’s MCC gets part of Sri Lanka central expressway contract | Economynext

Another infra moving on, congrats SL!

 

[Azizam]

Construction of Colombo-Kandy expressway inaugurated

Aug 03, Colombo: Construction work on the first phase of the Central Expressway from Colombo to Kandy was ceremonially launched Monday by the Sri Lankan Prime Minister Ranil Wickremesinghe at Kadawatha.

The first stage of the Expressway will be constructed from Kadawatha to Meerigama. The 2nd stage of the expressway will be constructed from Mirigama to Kurunegala and under the third stage it will be constructed from Kurunegala to Kandy. Constructions will also be carried out from Kurunegala to Dambulla as well. The total distance of the expressway is 98km.

The Chinese Ambassador to Sri Lanka Yi Xianliang, UNP General Secretary Kabir Hashim and Ministers Ravi Karunanayake and Eran Wickramaratne also participated.

Sri Lanka : Construction of Colombo-Kandy expressway inaugurated

 

[AndrewJin]

Construction of Colombo-Kandy expressway inaugurated

Aug 03, Colombo: Construction work on the first phase of the Central Expressway from Colombo to Kandy was ceremonially launched Monday by the Sri Lankan Prime Minister Ranil Wickremesinghe at Kadawatha.

The first stage of the Expressway will be constructed from Kadawatha to Meerigama. The 2nd stage of the expressway will be constructed from Mirigama to Kurunegala and under the third stage it will be constructed from Kurunegala to Kandy. Constructions will also be carried out from Kurunegala to Dambulla as well. The total distance of the expressway is 98km.

The Chinese Ambassador to Sri Lanka Yi Xianliang, UNP General Secretary Kabir Hashim and Ministers Ravi Karunanayake and Eran Wickramaratne also participated.

Sri Lanka : Construction of Colombo-Kandy expressway inaugurated

Great news!
This thread is the most enjoyable thread to me in South Asia section.
If I can only choose one country to visit in Asia, Sri Lanka is undoubtedly my choice.

 

[Azizam]

Great news!
This thread is the most enjoyable thread to me in South Asia section.
If I can only choose one country to visit in Asia, Sri Lanka is undoubtedly my choice.

Check this too, you might like it.

Sri Lanka In Pictures | Page 10

 

[Kaniska]

Back to topic lol. Neat little trick to escape embarrassment. Ok will leave you alone Mr. Jinchansan.

What is your problem dude??? Why are you simply targetting him?? Sri Lanks is not as a small nation as you are thinking..It is one of the fastest developing nation in South Asia...It is a very good country and big enough country..

So can you stop getting personal and focus on topic?

Central Expressway phase one begins | Adaderana Biz English | Sri Lanka Business News

@Nihonjin1051 seems like you are right. There's less red tape in Sri Lanka as opposed to India. After funding was sorted out, the project quickly started.

That is a good news..I would love to see Sri Lanka progress whatever it suits best to move forward.

 

[Godman]

This is a really old project.
There were a bunch of Malaysian investors in 2002 for the project but in 2005 Mahinda Rajapaksa came to power and the project stopped because of the political problems.

The project continued to be delayed because MR spent more time on South.

Finally when it was about to start the elections came and the regime changed but this time it wasnt stopped and work continued

 

[Azizam]

This is a really old project.
There were a bunch of Malaysian investors in 2002 for the project but in 2005 Mahinda Rajapaksa came to power and the project stopped because of the political problems.

The project continued to be delayed because MR spent more time on South.

Finally when it was about to start the elections came and the regime changed but this time it wasnt stopped and work continued

Something tells me that you are DEsl in Skyscrapercity

 

[Godman]

Something tells me that you are DEsl in Skyscrapercity

I am not sure what you are saying?