Gold Road

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

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