Categories: Articles

LNP – Colombo elevated highway project handed over to CHEC

The Cabinet approval was granted to award the contract for the construction of the elevated highway to Kelaniya New Bridge (NKB) via Rajagiriya connecting Outer Circular Highway at Athurugiriya to the China Harbour Engineering Company (CHEC), co-cabinet spokesman, Energy Minister Udaya Gammanpila said.

Addressing the weekly cabinet briefing at the Information Department, the Minister said the approval was granted to the CHEC to complete the project within three years.

“It has been given another 15 years to operate and earn their revenue. After 18 years, the company has to hand over the elevated highway to the Sri Lanka government, Minister Gammanpila said.

“The cabinet ministers decided to hand over the construction considering the company that takes the least amount of time to complete the project and the least period to recover their cost,” he said.

Accordingly, the most attractive bid was presented by the CHEC and therefore the cabinet ministers approved to hand over the construction,” the Minister added.

AddThis Website Tools
Tyronne Jayamanne

Recent Posts

LNP – Rise in rambutan-related accidents

LNP – Rise in rambutan-related accidents

Experts have raised concerns over a growing number of accidents involving people falling from rambutan…

8 hours ago
LNP – More foreign-trained specialist doctors choosing to stay in Sri Lanka: Health Minister

LNP – More foreign-trained specialist doctors choosing to stay in Sri Lanka: Health Minister

Health and Mass Media Minister Dr. Nalinda Jayatissa says more specialist doctors who have completed…

8 hours ago
LNP – Sri Lankans to get seasonal jobs in South Korea

LNP – Sri Lankans to get seasonal jobs in South Korea

The Sri Lanka Bureau of Foreign Employment (SLBFE) says that many seasonal job opportunities in…

8 hours ago

LNP – Japan agrees to continue granting scholarships to Sri Lankan public sector workers

The government of Japan has signed an agreement to continue its scholarship programme for executive-level…

8 hours ago

LNP – No legal provisions for companies to charge 2.5%–3% fees on card transactions: CBSL

Companies and institutions have no legal provisions to impose additional charges ranging from 2.5% to…

8 hours ago

LNP – X-Press Pearl Disaster: SC orders shipping company to pay US$1 bln in compensation

The Supreme Court of Sri Lanka today (24) ordered a shipping company to pay US$1…

8 hours ago