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Sunday June 20th, 2021
Business

Sri Lanka flags off US$675mn elevated expressway by China Harbour

ECONOMYNEXT – Sri Lanka has flagged off a 675 million US dollar (135 billion rupees) elevated expressway to be built by China Harbour Engineering, on a 15 year built operate transfer contract.

The expressway is expected to be completed in 36 months.

China Harbour will have a 15-year concession to build and operate it, Prime Minister Mahinda Rajapaksa said flagging off the project by unveiling a plaque from his Temple Trees residence.

The structure of the BOT deal is not clear.

The four-lane expressway will run from the New Kelani Bridge being built with a Japanese loan to Athurugiriya.

The road will run from New Kelani Bridge, via Kolonnawa, Rajagiriya, Buthgamuwa, Battaramulla, Koswatte, Pothuarawa, Hokandara and will connect to the outer circular expressway at Athurugiriya.

Interchanges will be built at Orugodawatte to connect to the New Kelani Bridge ND at Dematagoda to connect to Baseline Road.

There will also be interchanges at Rajagiriya, Koswatte and Hokandara. (Colombo/June10/2021)

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