The government is tipped to raise money from Indian financial institutions to fund the 25 km Colombo-Katunayake Expressway.
ldblquote The Indian bond markets are booming and we will most certainly look at raising money in Indian capital markets
dblquote , Board of Investment Chairman, Arjunna Mahendran told Lanka Business Online.rn
rnThe Colombo-Katunayake highway endash the countrys first toll road, will be a test case for funding future infrastructure projects.rn
rnConsultants Snowy Mountain Engineering Cooperation and PricewaterhouseCoopers have recommended a closed, four lane toll road.rn
rnThe highway will have four intersections at Peliyagoda, Ja-Ela, close upon Airport Garden Hotel and at Seeduwa.rn
rnThe two consultants together with the Asian Development Bank, have been drafting concession agreements that map out the financial, legal and technical A to Zs to guide prospective developers.rn
rnBut funding highway projects can be a risky business, with returns on these massive project