Sri Lanka in talks with China over highway projects

Image
IANS Colombo
Last Updated : May 30 2015 | 9:07 PM IST

The Sri Lankan government on Saturday said that it is in talks with China to extend a highway linking the capital and the deep south.

Prime Minister Ranil Wickremesinghe said that the government is having talks with China to fund the project connecting Colombo and Hambantota in the south, Xinhua reported.

The highway which already connects Colombo to the southern town of Galle and Colombo to the southern town of Matara was to be extended to Hambantota as part of the project plan of the former government.

However the new government which took office in January this year had decided to review some of the Chinese funded projects following allegations of corruption and lack of transparency when the deals were originally signed.

Wickremesinghe however said that the highway projects would continue, with proper procedures being followed.

He also said that talks will be held with a Chinese company to go ahead with the third stage of another highway project known as the "Outer Circular Highway" project.

Once completed, the Outer Circular Highway will interconnect the major highways in Sri Lanka.

The prime minister said that the government has also decided to commence work on a highway connecting Colombo and the central town of Kandy and the first stage will be constructed with funding from Japan and the Asian Development Bank (ADB).

The prime minister also rejected allegations that the new government was taking political revenge on the former government by launching investigations into some of the projects.

He said that the investigations are purely to expose corruption in some of the deals and not take political revenge.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 30 2015 | 8:56 PM IST

Next Story