Sri Lanka expressway – funding secured

The funding for a stretch of Sri Lanka’s Central Expressway project now looks to have been secured. A loan of nearly US$904 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) will provide the necessary finance package for the project. The route of the Central Expressway runs from Colombo to Dambulla, having originally been called the Northern Expressway Project. This latest funding package will help pay for work to the 32.5km link running off to the east at Pothuhera and running to Galagedara, close
July 9, 2018 Read time: 1 min

The funding for a stretch of Sri Lanka’s Central Expressway project now looks to have been secured. A loan of nearly US$904 million from Japan’s 3055 Mitsubishi UFJ Financial Group (MUFG) will provide the necessary finance package for the project. The route of the Central Expressway runs from Colombo to Dambulla, having originally been called the Northern Expressway Project. This latest funding package will help pay for work to the 32.5km link running off to the east at Pothuhera and running to Galagedara, close to Kandy.

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February 27, 2018

Sri Lanka highway project receiving Japanese funding

The Central Expressway project in Sri Lanka is receiving funding from Japan, with a package worth US$940.7 million from the Tokyo Mitsubishi Bank of Japan. The contract meanwhile has been awarded to Japanese construction firm M/S Taisei Corporation. The firm will build a 32.5km section of the Central Expressway running from Pothuhera to Ramukkana and then to Galagedera.
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