RDA to obtain Rs23bn for Central Expressway phase II

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Feb 01, 2017 (LBO) – Sri Lanka’s Cabinet has decided to obtain part of the funds for the construction of phase II of Central Expressway Project from two state banks.

The government has identified it as one of its priority projects for promoting economic development in the country by improving connectivity among various regions, a statement said.

The proposal made by Finance Minister Ravi Karunanayake to obtain 23.2 billion rupees from the National Savings Bank and People’s Bank for the RDA as loan facilities has been approved by the Cabinet of Ministers.

The Section II of the expressway commences from Meerigama and proceeds up to Kurunegala with Ambepussa Link, a total length equal to 39.29 km except Ambepussa Link.

This section comprises Meerigama, Nakalagama, Dambokka and Kurunegala Interchanges with a designed road speed of 100 km/hr. The whole trace of this section falls on a flat terrain.

The access to the expressway is provided at interchanges with a system of tolls.

Meanwhile, Prime Minister Ranil Wickremesinghe today launched the construction of the section II of the Expressway.

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