Sri Lanka secures ADB loan of $800m towards latest road revamps

The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme.

The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million.

Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces.

Sri Lanka recently announced that $292 million has been secured from the Japan International Cooperation Agency for a new bridge across the Kelani River. It will be built parallel to the existing Kelani Bridge called the Japan Friendship Bridge, and is expected to cost around $335 million.

The bridge will feature an elevated approach road and new interchanges linking the Colombo-Katunayake Expressway, Baseline Road and Colombo Port. Construction will start in January 2017.