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China approves funds for Central Expressway

14 May 2018 07:12 pm - 9     - {{hitsCtrl.values.hits}}

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Chinese Ambassador in Colombo Cheng Xueyuan has informed Prime Minister Ranil Wickremesinghe that the Chinese government has approved USD 1 billion as funding for the phase one of the Central Expressway project.

The loan would be granted through the Exim Bank of China. Chinese Ambassador had informed this when he met Prime Minister Wickremesinghe at Temple Trees this afternoon. (YP)

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  Comments - 9

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  • Unchikun Monday, 14 May 2018 08:11 PM

    Exiam bank ? What are the conditions and the interest rate? Looks like the game has stated as the end is near.

    Eesh Monday, 14 May 2018 08:35 PM

    Any yahapalana voter interested in calculating the cost per km? or are they not interested in it anymore?

    Dalubanda Monday, 14 May 2018 09:12 PM

    Unchikan, the beggars have no choice, you have to take what has given. Enjoy the road after completion of construction.

    Gamaya Monday, 14 May 2018 09:29 PM

    Hope it is not at unconscionable interest. Meanwhile now get cracking on the work. Have something tangible to show by end 2019.

    Be Fair Monday, 14 May 2018 09:34 PM

    Now I can get to Kandy quicker and pay more on taxes too so that the Govt., can recover what the Politicians "Play Out" on this Project/Deal

    Mortgage Tuesday, 15 May 2018 08:34 AM

    Very soon, Sri Lankan Government has to mortgage our Country to settle the Loan money.

    Warra Tuesday, 15 May 2018 08:47 AM

    Like any country that obtains a loan for highways. It will be managed my toll fee untill the loan is paid off and then passed over to the state. There was a highway in Sydney Australia that was managed by the private fund provider for 25 years whilts the loan was paid off by toll fees and then handed over to the state.

    Warra Tuesday, 15 May 2018 08:58 AM

    Like any country that obtains a loan for highways. It will be managed my toll fee untill the loan is paid off and then passed over to the state. There was a highway in Sydney Australia that was managed by the private fund provider for 25 years whilts the loan was paid off by toll fees and then handed over to the state.

    Tax Payer Tuesday, 15 May 2018 12:44 PM

    Looks like the Central Expressway will be part of China's Silk Road...USD 1 Bn for a single phase of the road. Our politicians must be salivating.


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