India to study feasibility of US$3.6bn bridge to Sri Lanka: report
ECONOMYNEXT – India’s is planning to study the feasibility of building a bridge to Sri Lanka which may cost 3.6 billion US dollars, which may be backed by the Asian Development Bank, a media report said.
India’s Minister for Road Transport, Highways and Shipping Nitin Gadkari was quoted as saying by Business Standard newspaper in India that he had already had talks with the head of the ADB about financing the project.
The bridge could cost about 230 billion Indian rupees (3.62 billion US dollars), Gadkari said.
A road and rail bridge linking Sri Lanka has been part of a Pan Asian highway network planned in the middle of the last century.
The planned bridge falls between Dhanushkodi in India and Sri Lanka’ Mannar island, where a land link was believed to have existed earlier.
The area has sand banks and a shallow sea. The so called Ram’s bridge or Adam’s bridge, also features in the Indian epic Ramayana.