ECONOMYNEXT – Sri Lanka’s cabinet of ministers has approved a proposal to construct four flyovers that will be funded by a concessionary financial facility by Hungary’s Exim Bank to reduce traffic congestions in the island.
The flyovers will be constructed at the following intersections: Muththettugala railway crossroad- Hiripitiya, Pasyala, Negombo-Maristella, and Thalawathugoda.
The Road Development Authority (RDA) has identified the four areas as needing a solution for traffic congestion in those places, a cabinet statement said on Wednesday (19).
The projects will be funded by the Hungarian Exim Bank’s concessionary finance facility.
The island had already entered in to entered into a finance corporation agreement to fund such projects, the statement said.
As part of it, already two flyover projects in Kohuwala and Getambe are currently under way with Hungarian financial assistance, costing around 2.6 billion rupees and 9.4 billion rupees respectively. (Colombo/Jan19/2022)