Govt. seeks Chinese loan for Central Expressway

29 October 2015 02:37 am - 11 - {{hitsCtrl.values.hits}}

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The government has sought a loan arrangement with China to construct the first phase of the Colombo –Kandy expressway commonly called the Central Highway, a Minister said.

The concessionary loan will be obtained from Export and Import Bank of China.

Higher Education and Highways Minister Lakshman Kiriella told Daily Mirror that the highway would be constructed in three phases, and the second one would be funded by Asian Development Bank (ADB). However, he said the financial arrangement had not been made with anyone for the final phase of the highway.

“The Central Highway is very important. It will open up the entire country improving access all the major towns and cities,” he said.

The Minister said the United National Party (UNP) initially planned to construct this expressway during 2002/2004 tenure, but the next successive government did not proceed with it.

“Instead, that government concentrated on the southern expressway. Kandy is the second largest city. Therefore, fast connectivity between Colombo and Kandy is very important,” he said. (Kelum Bandara)

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Comments - 11

Reality Thursday, 29 October 2015 10:25 AM

Why not you guys ask money from India and the US? It is very foolish of this new government to alienate China. India was never our friend and will never be as well!!!

aja Thursday, 29 October 2015 10:27 AM

Yeah bcoz u are from Kandy now u are talking like this . Do not talk crap accept the fact that all highways are important and get on with the job .

Chamil Thursday, 29 October 2015 10:29 AM

The plan was to extend this to Jaffna through Kurunegala. TNA opposed this and now the Highway ends at Kandy.

Libtard Thursday, 29 October 2015 10:34 AM

why dont you ask for money from your newly won friend USA? or right they dont give money for development they only donate for their stinking NGOs

Neo Thursday, 29 October 2015 10:40 AM

Yo Red Elephant, where art thou?

nanda Thursday, 29 October 2015 11:01 AM

US comes with good suggestions...empty pocket...

Rosh Thursday, 29 October 2015 11:08 AM

Ah..haa.... CHINA !!!!!

OMG Thursday, 29 October 2015 11:39 AM

Correctly said, UPFA invested only on white elephant. Now who is going to payback all those loans, southerners and MR family?

Mali Thursday, 29 October 2015 11:41 AM

Yes, previous regime was investing on future requirement ignoring current requirement. How stupid they could be.

TONY Thursday, 29 October 2015 08:42 PM

AFTER ALL THE PAST CRITICISM, GOING BACK TO CHINA

Nihal Amarasekera Friday, 30 October 2015 08:13 AM

Silky way, one way.

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Govt. seeks Chinese loan for Central Expressway

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