Friday, March 13, 2020

Opportunity - Cabinet approves for LKR 600Mn new road to BIA


Sri Lanka will construct a 600 million rupee second approach road to Katunayake's main international airport, said Minister Ramesh Pathirana, a spokesman for the cabinet. At the airport, he said there had been congestion at peak hours. The cost of the second route of access projected at LKR 600Mn.

The road will stretch from Minuwangoda and Katunayake Industrial Zone Investment Board district. The state airport agency Sri Lanka Airport and Aviation Services will provide funds.
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 kilometres of C and D-class highways. Local governments and other government and private institutions maintain and develop the balance.  
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 even complete, while feasibility studies will conduct to explore the possibility of having an elevated highway at 1000 feet connecting Kandy to Nuwara Eliya.
Further, a single transport e-ticket system (i.e. multi-modal ticket, day tickets, etc.) and a process will introduce, and an e-ticketing mechanism would implement for all public and private transport services.
The railway will also use to transport goods since it will help to minimise the traffic situation aggravated by container transportation via roads. They will provide assistance to import required locomotives and will establish a method to build trailers locally, that needed for cargo transportation. They will expand facilities needed to transport cargo via trains to Colombo, Hambantota, Trincomalee, and Kankasanthurai ports.
They will develop all key train stations, converting them into a functional, recreational, meeting, greeting and eating places, with malls and shops needed to provide consumers with a total travel experience
OSL Take: 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/20200313/Z_TB4 

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