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Malaysian based Road Builder Holdings has become the sole contender to finance and manage the Colombo-Katunayake Expressway.
Work on the US$ 130 mn highway has started with the Treasury allocating Rs.
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10 bn to Keangnam Construction Company.

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rnNearly 14 parties earlier expressed interest to finance and take over management of the highway, eventually running it as a toll road.

The Bureau of Infrastructure and Investments had narrowed down the list further with a local conglomerate and the Road Builders coming up to the bidding stage.

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rnBut the local conglomerate had subsequently pulled out leaving the Malaysian construction firm as the sole runner for the project.rn

rnRoad Builder Holdings now have to submit a proposal by Dec. 13 to the BII, on how they plan to manage the four-lane toll road on a build own and transfer basis.

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rnThe Malaysian firms core business activities revolve around ports, property and building toll roads. It has successfully completed projects in Malaysia and India.

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