December 14 (LBO) – Sri Lanka and the Asian Development Bank tied up a loan deal worth 210 million dollars on Thursday, to upgrade national highways and water sector.
A loan package of 150 million dollars will be used to widen and rehabilitate a network of 350 kilometres of roads, including improving and replacing bridges, drainage culverts and providing weight stations, the finance ministry said in a statement.
In addition to roads in the central and eastern provinces, the loan will also upgrade southern highway links to Aluthgama, Hikkaduwa and Matara.
The project will also support the land acquisition and resettlement activities for four Colombo link roads along the Kandy road, Awissawella road, High Level road and Horana road.
Widening of these roads is vital to provide adequate capacity for road links to the proposed Outer Circular Highway and the Southern Expressway, the statement said.
The government will put in 58 million dollars of the project’s total estimated cost of 208 million dollars and the project executed by the highways ministry and the Road Development Authority.
The project is to be completed by