Arab Today, arab today china company lands 1bn highway project in sri lanka
Last Updated : GMT 23:11:58
Arab Today, arab today
Arab Today, arab today

China company lands $1bn highway project in Sri Lanka

Arab Today, arab today

Arab Today, arab today China company lands $1bn highway project in Sri Lanka

Colombo - XINHUA

China is deepening involvement in Sri Lanka's massive infrastructure development with state-run China Merchant's Group earmarked to build a 1 billion U.S. dollar expressway that will kick off later this year, an official said Wednesday. The northern expressway is considered to be the largest highway project embarked upon by the Sri Lankan government to date, aimed at linking the former war torn north through the tourist hot spot of Kandy to capital Colombo. When completed, the highway is expected to be about 300 km in length. Construction of the first phase of about 48 km is expected to begin in August and will be done under the Build Own Transfer (BOT) system, Highways Ministry Secretary Ranjith Premasiri told Xinhua. "The feasibility study has been completed and a Memorandum of Understanding (MoU) has been signed with the company. We are discussing details of tax holidays and land allocation presently," he added. It was earlier reported that the construction of the first 100 km of the Northern Expressway was awarded to two China Merchant group companies, China Merchant Holdings International (CMHI) and China Merchant Huajin. The venture was earlier reported to be funded by China Development Bank. The first phase stretch will have five interchanges, 50 overpasses and 30 underpasses. CMHI are also in charge of a 500-million-U.S. dollar expansion of the Colombo harbor, which is also under the BOT system. The first phase is estimated to cost 1 billion U.S. dollars and will take a minimum of 18 months to complete, he added. On March 15, Sri Lankan President Mahinda Rajapaksa will ceremoniously open a 30.81 km extension to the Southern expressway also funded by China EXIM Bank. The cost of the highway extension is 18.7 billion rupees (about 139 million U.S. dollars). The third phase of the Southern expressway will be handed over to China National Aero-Technology Import and Export Corporation ( CATIC) for construction. China remains involved in almost all the large scale projects taking place. Some of the biggest projects include a 1.3-billion-U. S. dollar coal power plant on the north western shore as well as a host of other investments in the south of the country that are estimated to exceed 4 billion U.S. dollars, including a 1.2- billion-dollar harbor. Railways, highways, airports and more are all part of this development push that has been actively pursued by President Mahinda Rajapaksa's government with support from China. Tourists from China are also becoming a major focus between the two countries.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china company lands 1bn highway project in sri lanka Arab Today, arab today china company lands 1bn highway project in sri lanka

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china company lands 1bn highway project in sri lanka Arab Today, arab today china company lands 1bn highway project in sri lanka

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday