Sri Lanka to ask four China firms to build Ratnapura Expressway
Aug 28, 2016 21:30 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka is to negotiate with four construction firms nominated by China to build a 73.9 kilometre expressway to Ratnapura, with financing to come from the country's Exim Bank.
The cabinet of ministers had approved a proposal to divide the so-called Ruwanpura Expressway into four sections and assign each section to a contractor.
A 26.3 kilometre section from Kahathuduwa to Ingiriya has been assigned to China National Technical Import and Export Corporation (CNTIC).
A 21.0 kilometre section from Ingiriya to Kahengama has been assigned to China National Aero-Technology International Engineering Corporation (CATIC-ENG).
A 12.7 kilometre section from Kahengama to Bela has been assigned to Hunan Construction Engineering Group Corporation (HCEGC).
A 13.9 kilometre section from Bela-Pelmadulla has been assigned to China Harbhour Engineering Company Ltd (CHEC).
A cabinet-appointed negotiation committee and project committee will evaluate a technical and financial proposal. Exim Bank of China will provide financing. (Colombo/Aug26/2016)