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The Asian Development Bank (ADB) yesterday pledged Rs. 9.34 billion to rehabilitate access roads to the newly opened Southern Expressway, whilst the total cost of the exercise is Rs. 11.6 billion.
The development follows the Government, having recognised the requirement to rehabilitate the roads connecting to the Southern Expressway (SE), the first-ever expressway in Sri Lanka, paying more attention in arranging necessary funds for this purpose.
Six access roads to SE are expected to be rehabilitated under the above project.
These rehabilitation works are crucial to improve the connectivity of roads and to realise the full potential benefits from the SE.
The Government contribution to the above investment will be Rs. 2.265 billion (US$ 20.6 million) while the balance will be obtained as a loan from ADB’s Ordinary Capital Resources (OCR).
Rehabilitation work of the identified road sections will be carried out under the second phase of the ongoing National Highway Sector Project (NHSP) which was commenced in 2007 with the aim of rehabilitating 270 km of national highways and improving the transport sector regulatory framework.
Under the second phase of National Highways Sector Project , 62 km of national highway road sections on Matara-Akuressa (3.40 km), Hikkaduwa-Baddagana (14.34km), Horana-Aguluwatota-Aluthgama (23.48 km), Katukurunda-Naboda (2.72km), Kirulapona-Godagama (5.33 km) and Colombo-Horana (12.7 km) are planned to be rehabilitated.
These selected six road sections usually experience high traffic volume. Therefore, the rehabilitation of these sections will facilitate easier access to the new expressway, while improving the transport efficiency of the national highways network.
The Road Development Authority (RDA) under the supervision of the Ministry of Ports and Highways will perform as the project implementing agency. The project is expected to be completed by 30 June 2016.
A loan agreement was signed yesterday in this connection by Secretary, Ministry of Finance and Planning on behalf of the Government and the ADB Country Director on behalf of the Asian Development, at the Ministry of Finance and Planning.http://www.ft.lk/2011/12/15/rs-9-34-b-from-adb-to-rehabilitate-access-roads-to-southern-expressway/
The development follows the Government, having recognised the requirement to rehabilitate the roads connecting to the Southern Expressway (SE), the first-ever expressway in Sri Lanka, paying more attention in arranging necessary funds for this purpose.
Six access roads to SE are expected to be rehabilitated under the above project.
These rehabilitation works are crucial to improve the connectivity of roads and to realise the full potential benefits from the SE.
The Government contribution to the above investment will be Rs. 2.265 billion (US$ 20.6 million) while the balance will be obtained as a loan from ADB’s Ordinary Capital Resources (OCR).
Rehabilitation work of the identified road sections will be carried out under the second phase of the ongoing National Highway Sector Project (NHSP) which was commenced in 2007 with the aim of rehabilitating 270 km of national highways and improving the transport sector regulatory framework.
Under the second phase of National Highways Sector Project , 62 km of national highway road sections on Matara-Akuressa (3.40 km), Hikkaduwa-Baddagana (14.34km), Horana-Aguluwatota-Aluthgama (23.48 km), Katukurunda-Naboda (2.72km), Kirulapona-Godagama (5.33 km) and Colombo-Horana (12.7 km) are planned to be rehabilitated.
These selected six road sections usually experience high traffic volume. Therefore, the rehabilitation of these sections will facilitate easier access to the new expressway, while improving the transport efficiency of the national highways network.
The Road Development Authority (RDA) under the supervision of the Ministry of Ports and Highways will perform as the project implementing agency. The project is expected to be completed by 30 June 2016.
A loan agreement was signed yesterday in this connection by Secretary, Ministry of Finance and Planning on behalf of the Government and the ADB Country Director on behalf of the Asian Development, at the Ministry of Finance and Planning.http://www.ft.lk/2011/12/15/rs-9-34-b-from-adb-to-rehabilitate-access-roads-to-southern-expressway/
