Sri Lankan joint venture wins Rs2.5bn central expressway consultancy
Apr 05, 2017 18:40 PM GMT+0530 | 2 Comment(s)
ECONOMYNEXT – A consortium of Sri Lankan firms has been awarded a Rs2.5 billion consultancy contract to supervise the first stage of the Central Expressway construction, a 37 kilometre stretch linking the town of Kadawatha to Mirigama.
The contract for the joint venture of Resources Development Consultants (Pvt) Ltd., Green Tech Consultant (Pvt) Ltd and Consulting Engineers and Architects Associated (Pvt) Ltd. was approved by the Cabinet of Ministers this week.
The Central Expressway, linking the town of Kadawatha to Dambulla via Kurunegala, is part of a planned network of highways. A link to Kandy in the central hills will branch off at Pothuhera and terminate at Galagedara about 10km away from Kandy City.
The joint venture was selected from four shortlisted bidders of five who responded to a Road Development Authority Expression of Interest request from local consultancy firms.
The Cabinet Appointed Consultant Procurement Committee (CACPC) evaluated all Expressions of Interest received and approved a shortlist of four firms.
The CACPC granted approval to the shortlisted firms to form two separate joint ventures among them after considering the scarcity of sufficient local experts at that time, according to the proposal by the Ministry of Higher Education and Highways.
The Highways Ministry and the Department of External Resources of the finance ministry are to conduct negotiations with local banks to obtain a loan for financing the consultancy deal.
(COLOMBO, April 5, 2017)