The countrys investment promotion agency has signed up external consultants to help kick start the Colombo-Katunayake expressway project.
The consultants will provide financial and technical advice on the feasibility of the project.
rnConstruction of the half-built expressway was halted with the government deciding to go for a public private partnership after getting cash strapped.rn
rnThe Board of Investment (BOI) says the work by PriceWaterhouseCoopers and Snowy Mountain Engineering Corporation will help attract an investor to complete the road.rn
rnldblquote Funding will be from private sector sources. When private banks fund, they want all the fine details in great precision,
dblquote says Arjunna Mahendran, Chairman, BOI.
rnldblquote We need International quality consultants to come and help us draft Concession Agreements. All the conditions and the rights and responsibilities- both the government and the private parties who engage in the project will be in the document.
Then the bank