Sri Lanka call bids from Japanese firms to build Kandy expressway segment

ECONOMYENXT – Sri Lanka will call bids from Japanese firms for a 32 kilometre stretch of an expressway that will run from Colombo to the central hill city of Kandy, Information Minister Gayantha Karunathilake said.

The stretch of the expressway will run from Pothuhera, near Kurunegala to Galagedera in Kandy.

Sri Lanka’s government had earlier decided to borrow the equivalent of a billion US dollars in yen 6-month London Interbank Offered Rate plus 0.95 percent for 15-year and grace period of six years for the expressway and an elevated road in the capital Colombo from Bank of Tokyo – Mistubishi UFJ.

The cabinet of ministers had approved a decision to call bids from three Japanese contractors and consultants for the expressway segment.

The Japanese government had nominated Taisei Corporation, Penta Ocean Construction Co. Ltd, Wakachiku Construction Co, Ltd as contractors.

Nippon Koei Co Ltd, Oriental Consultants Global Co. Ltd and Katahira and Engineers International (Pvt) Ltd had been nominated as consultation. (Colombo/Aug24/2016)

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