Sri Lanka has an
approximately 120,000-kilometer road network sufficient to meet 90% of
transportation demand. The Road Development Authority (RDA) is responsible for the
maintenance and development of national roads of the A and B classes and 4,480
bridges over the total length of highways. The regional councils were
responsible for about another 15,000 kilometers of C and D-class highways.
Local governments and other government and private institutions maintain and
develop the balance.
MAGA Engineering
(Pvt) Ltd of Sri Lanka has won an international bid of 4.2 billion rupees to
develop the roads from Kirulapone to Godagama, and from Pamankada to Pokunuwita
in the Western Province, the cabinet office said in a statement.
The tender
called under the Southern Road Connectivity Project of the Asian Development
Bank and MAGA Engineering's bid chosen as the most competitive by the standing
cabinet appointed commission on procurement.
Minister of
Roads and Highways Johnston Fernando had submitted a proposal to provide the
tender to MAGA Engineering, which had been approved by the firm.
The road
improvements would include sub-base, aggregate foundation, and asphalt concrete
overlay, concreting drainage maintenance and upgrades, culvert repair and
installation, bridge building and expansion, traffic signals repairing, and
street lighting, and service relocation.
OSL Take: The LKR
4.2 billion tender awarded by the Ministry of Road & Highways is indicative
of the continuous growth of Sri Lanka’s economy. It is also indicative of the
growing business potential in the country.
Sri Lanka’s
geographical positioning in the Indian Ocean, the ease of doing business
environment in the country, and the many trade agreements, as well as trade
concessions enjoyed by the state, have made Sri Lanka the ideal business
destination in the South Asian region. Therefore foreign businesses/investors
could confidently explore business/investment opportunities in Sri Lanka.
The newly
elected government aims to improve the following roads in the coming months:
- Colombo-Kandy Expressway and
the Port city elevated highway project will be extended and finished without
further delays. The network will also connect Kottawa, Battaramulla, and
Peliyagoda.
- The Northern and Ratnapura
expressway will also complete, while feasibility studies will conduct to
explore the possibility of having an elevated highway at 1000 feet connecting
Kandy to Nuwara Eliya.
- They will also incorporate an
overtaking lane at intervals of 3-5KM to ease the traffic congestion in areas
identified as bottlenecks.
- The island-wide network of
roads amounting to 120,000 KM, which includes all rural roads, has neither been
developed nor maintained. Therefore, the entire road network that has fallen
into a state of disrepair and neglect will be resurfaced and modernized to
conform to international standards.
OSL, as the
pro-active FDI generator to the island, now calls upon Chinese investors to
partner with OSL to bid for Road network-related Projects open for investment
through the PPP model. Have a free consultation with the biz-friendly OSL Team
today to learn more about the scope available and the way to move forward.
VBS/AT/20200303/Z_TB7
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