ADB funds con­struc­tion of el­e­vated high­way

Maritime Gateway - - International News -

The Asian De­vel­op­ment Bank’s (ADB) Board of Di­rec­tors has ap­proved a $300 mil­lion loan to help in the con­struc­tion of about 5.3 kilo­me­ters (km) of el­e­vated toll high­way with re­lated fa­cil­i­ties be­tween the New Ke­lani Bridge (NKB) and Galle Face in cen­tral Colombo in Sri Lanka. The new high­way is ex­pected to ease traf­fic con­ges­tion, im­prove con­nec­tiv­ity, and fa­cil­i­tate trade lo­gis­tics in the coun­try.

“Im­proved con­nec­tiv­ity and in­fra­struc­ture de­vel­op­ment are es­sen­tial if Sri Lanka is to reach its po­ten­tial as a trade and lo­gis­tics hub in South Asia,” said ADB Se­nior Trans­port Spe­cial­ist for South Asia Mr. Kanzo Nakai. “The new high­way will help pro­vide a di­rect link to the city cen­ter and the port from the Colombo– Katu­nayake Ex­press­way through the NKB, im­prov­ing con­nec­tiv­ity and con­tribut­ing to growth.”

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