Bids to construct the Colombo Kandy expressway closed Monday, with thirteen parties expressing interest for the project.
Early December, the Board of Investment sought investors to finance, construct and manage the highway on a Build, Own and Transfer (BOT) basis.
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rnThe BOI said the project should not exceed a 25-year period.rn
rnThe new highway, like the proposed Colombo-Katunayake expressway, will operate as a toll-road.rn
rnThe new highway will expand the existing two-lane A1 road linking Colombo to Kandy, the countrys second largest city. rn
rnThe existing two-lane highway is frequently used and often sees heavy traffic, connecting Colombo to the Central, North Central as well as Northern and Eastern provinces.rn
rnRoad Development Authority (RDA) figures indicate that sections closer to Colombo carry more than 60,000 vehicles a day, which is above saturation level of a four-lane road.rn
rnldblquote The new highway will ease congestion and cut back on travel time from Colombo to Kandy