On the Road

Cabinet this week approved US$ 310 million in donor funding to reconstruct 1137 kilometers of road and 25 major bridges in the tsunami affected coastal regions of Sri Lanka. Cabinet this week approved US$ 310 million in donor funding to reconstruct 1137 kilometers of road and 25 major bridges in the tsunami affected coastal regions of Sri Lanka. Road Development Authority’s Tsunami Project Coordinator S Meihandan on Friday said reconstruction contracts will be awarded later this year or early next year.

“Some contracts have already been given out, and work will start soon, but the rest of the work will commence soon after tenders are awarded later this year.”

The Road Development Authority in a reconstruction plan estimated the entire rebuilding to cost some US$ 330 million, with an additional US$ 38 million needed to reconstruct provincial and local government roads.

Funds for the reconstruction effort are expected to come from ADB, World Bank, the European Commission, Japan and other donors as grant aid and soft loans.

The Road Development Authority in a post tsunami report said that that it had received pledges for SU$ 152 million in loans and Rs. 1