Korea Eximbank to develop traffic master plan for Sri Lankaâ€™s Kandy city
ECONOMYNEXT – The Export-Import Bank of Korea (Korea Eximbank) will support Sri Lanka to develop a master plan to improve traffic network connectivity in the central hill city of Kandy, the island’s second largest city.
“Through successful application of an efficient road network model in Kandy, it is anticipated to improve not only the accessibility and live-ability but also the investment attractiveness of the city,” the Korean embassy said in a statement.
The plan was discussed Friday by a South Korean delegation with the Road Development Authority under Korea’s knowledge Sharing Program (KSP), it said.
KSP is a special technical assistance program provided by the Korea Eximbank under the auspices of the Ministry of Strategy and Finance of Korea to share Korea’s development experience and knowledge.
Korea Eximbank will share the traffic network expansion experience of Korea with Sri Lanka by supporting the development of the master plan which strengthens the accessibility between northern and eastern parts of Kandy.
The master plan will also take into consideration urban expansion of the city and ongoing developments such as construction of the Central Expressway and the proposed 5.5km by-pass Kandy tunnel in order to create more synergy with the plan.
Korean experts will analyse current and future traffic issues in Kandy city, conduct case studies on Korean experience in improving transport network, recommend how to improve the connectivity between the North and East of Kandy and provide capacity building programs to RDA officials.
Kandy is geographically located as a nodal point of major road networks in Sri Lanka but is afflicted with increasing traffic congestion caused by unsystematic road networks that impedes the economic and social development of the city, the statement said.
“Narrow access routes, hilly terrain and being located in an environmentally and historically sensitive area severely restrict the smooth traffic flow within the city,” it said.
(COLOMBO, Dec 02, 2016)