Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Road Bid

Feb 28, 2008 (LBO) – A joint venture between Sri Lanka's International Construction Consortium (ICC) and China Harbour has a won 2.4 billion rupee deal to build section of the highway leading to a northeast of the island, a senior minister said. The contract floated by Sri Lanka's Road Development Authority is funded by an Asian Development Bank credit, information minister Anura Yapa said.

The bids closed on March 28, 2007 with ICC-China Harbour bidding 2.4 billion rupees, MAGA-CDIG bidding 2.58 billion and Sino-Hydro Corporation bidding 3.34 billion rupees a document submitted to the island's cabinet of ministers said.

The selected joint venture contractors will upgrade a portion of the Ambepussa to Trincomalee A6 highway from Habarana to Kantalai a document submitted to cabinet by highways minister Jeyaraj Fernandopulle said.

The project is part of a 150 million dollar ADB credit to upgrade 280 kilometres of road and acquire 83 kilometres of land for roads in Colombo.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x