Govt. awards Rs.135 b elevated highway to China Harbour

The Government yesterday said the Rs. 135 billion contract for the construction of the four-lane elevated expressway, connecting the Athurugiriya interchange and the new Kelani Bridge, has been awarded to the China Harbour Engineering Cooperation (CHEC) Ltd. Cabinet this week approved the proposal presented by Highways Minister Johnston Fernando, which proposed that the tender be awarded to CHEC on a design, build, finance, operate, maintain and transfer (DBFOMT) basis for a period of 18 years, as recommended by the Cabinet-appointed Negotiating Committee.

https://www.ft.lk/front-page/Govt-awards-Rs-135-b-elevated-highway-to-China-Harbour/44-718428

DailyFT

2021-05-26

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