The Government today signed the contract for the construction of the Colombo-Matara Expressway.
Tilak Marapone, Minister of Highways signed the contract on behalf of the government with the representatives of Japan’s Kumagai Gumi Company.
“The Asian Development Bank is funding the first phase of the Rs. 8.7 billion project and the second phase is funded by the Japanese Bank of International Co-operation (JBIC),” Mahinda Samarasekara, Additional Secretary to the Ministry of Highways said.
The Expressway will stretch over 132 km southwards from the suburban town of Kottawa. It is expected to cut short the four-hour journey from Colombo to Matara to 90 minutes.
The construction is expected to commence within three months and the project is scheduled for completion by end 2005.
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