Speed thrills; cost kills

10 April 2011 08:18 pm - 12     - {{hitsCtrl.values.hits}}

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Many an eyebrow has been raised as to how the estimated cost for the Colombo-Katunayake expressway increased by from Rs. 9 billion to Rs.32 billion within a span of few years.

According to information placed before Parliament last week, the cost had initially been estimated at Rs.9, 516 million when the project was launched in 2000. 

However, the project was terminated in 2003 under the previous UNP government. During this three year period, Rs.5, 444 million had been spent as initial costs for various matters such as the acquisition of roads.

The contract had earlier been given to Daewoo-Keangnam Joint Venture of South Korea.

Meanwhile, the project was re-launched on August 18, 2009 at a new estimated cost of Rs. 32,120 million (US $ 292 million). The contract has been given this time to China Metallurigal Group Corporation of Republic of China. (By Kelum Bandara)

  Comments - 12

  • sandy Monday, 11 April 2011 04:17 AM

    it will increase more n more coz these fellows robs in grand scale....... feel sorry 4 dis country n da people who voted

    don roads Monday, 11 April 2011 04:14 AM

    this road goes on filled ground for major length. Small portion only elevatedover concrete fly overs.
    the cost is fabulous

    Dinesh Monday, 11 April 2011 04:29 AM

    Check the CENTRAL BANK REPORT countries inflation is very low compare to other south asian countries!!!

    shanthi Monday, 11 April 2011 11:27 AM

    well said , roads are to make money.

    Trilobite Sunday, 10 April 2011 08:51 PM

    Asiyawe Ashcharya !

    jonybug Sunday, 10 April 2011 09:12 PM

    32 Billion?? OMG kaju atadha Kos atadha

    Jey Sunday, 10 April 2011 11:15 PM

    Banana Republic....

    Daniel Monday, 11 April 2011 01:24 PM

    These contracts were awarded without calling for tenders worldwide.A good portion of the 'cost' will go into the pockets of 'you know who'!

    aswin welikala Monday, 11 April 2011 01:34 AM

    Projects to make money

    george Monday, 11 April 2011 02:14 PM

    Check some political people's pocket.

    Palitha Heenthotuwa Monday, 11 April 2011 01:27 AM

    Call the guinnes book. This could be THE most expensive road in the world.

    hperera Monday, 11 April 2011 02:36 AM

    Inflation, Material costs, higher wages, and the fact that the highway will mostly be elevated.


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