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Tuesday September 27th, 2022

Sri Lanka to build four Hungary-financed flyovers

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)

Comments (3)

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  1. dickie bird says:

    Still there is no solution for Malabe junction.

  2. Edward Seelan says:

    Will the Hungarian government ensures that no commision is paid to any one in Srilanka in relation to these projects?

  3. Kumar says:

    Usually, they cost three times normal cost.

View all comments (3)

Comments (3)

Your email address will not be published.

  1. dickie bird says:

    Still there is no solution for Malabe junction.

  2. Edward Seelan says:

    Will the Hungarian government ensures that no commision is paid to any one in Srilanka in relation to these projects?

  3. Kumar says:

    Usually, they cost three times normal cost.