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Thursday, September 20, 2012 - 6.01 GMT
ADB approves US$ 98m for road projects

 

The Asian Development Bank has approved additional funding of US$ 98 million to expand a road re-building programme in Sri Lanka.

The additional financing will allow 230 kilometers of national and provincial roads in Northern and North Central provinces o be rehabilitated adding to an existing National Highways Sector Project involving rehabilitating 300 kilometers of roads.

The funds will be used to expand the output of the project by rehabilitating and upgrading an additional 62 kilometers of national highways, comprising six link roads that provide access to the new Southern Highway in Western and Southern provinces.

The road upgrades will give faster connectivity to the South, including the capital Colombo, cutting travel costs and opening up new economic and employment opportunities.

Around 1.86 million people living in the two provinces will benefit from the overall expanded project.

The objective of the project is to reduce travel time to the two provinces by an average of 20% from the 2010 level, the government said.


 

 
 
   
   
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Last modified: September 20, 2012.

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