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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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4 posters

    Elevated Road plan for Colombo

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    chinwi
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    Elevated Road plan for Colombo Empty Elevated Road plan for Colombo

    Post by chinwi Mon Aug 04, 2014 12:03 am

    Major highways on pillars in and around Colombo



    A major highway project to build elevated roads – built on pillars — in and around Colombo city and thereby reduce traffic congestion is to be launched next year.The project estimated to cost US$ 300 million (Rs. 39 billion) will provide for elevated roads from Kaduwela to Colombo Fort, from the Kelaniya Bridge to Kirulapone junction and an access road to Colombo, Ports and Highways Project Minister Nirmala Kotalawala said.

    He said the project plans had already been prepared and the pathways identified. The four-year project would be started in June next year.

    About 80 per cent of the funding is expected from the Asian Development Bank while the rest will come from a public-private partnership. The highway will operate as a toll road to facilitate the repayment of the loans.

    Under the project, the elevated highway from Kaduwela to Colombo will have two phases with the first extending from Kaduwela to Battaramulla, mostly over the marshy lands, and the second from Rajagiriya (near HSBC) to Fort via Kotahena and Colombo Port at Chaithya Road.


    http://www.sundaytimes.lk/140803/news/major-highways-on-pillars-in-and-around-colombo-109574.html
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    RunnerX


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    Elevated Road plan for Colombo Empty Re: Elevated Road plan for Colombo

    Post by RunnerX Mon Aug 04, 2014 12:20 am

    Good for us! Job oppertunities!
    Cost is too high, we need to pay interst and debt.

    Good, but not suitable for sri lanka.
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    chinwi
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    Elevated Road plan for Colombo Empty Re: Elevated Road plan for Colombo

    Post by chinwi Mon Aug 04, 2014 8:17 am

    If this is true , Kaduwala and surrounds will be next Battaramulla.

    Monitor the progress and invest in some lands if you have kids.
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    serene
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    Elevated Road plan for Colombo Empty Re: Elevated Road plan for Colombo

    Post by serene Mon Aug 04, 2014 9:13 am

    Considering the time/Fuel other related waste in the traffic / And also ascendancy of new vehicles this has to be done.
    The issue is how much will be end up in coffers of misusers of the fund.
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    Ukboy
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    Elevated Road plan for Colombo Empty Re: Elevated Road plan for Colombo

    Post by Ukboy Sat Aug 16, 2014 11:52 pm

    chinwi wrote:If this is true , Kaduwala and surrounds will be next Battaramulla.

    Monitor the progress and invest in some lands if you have kids.

    Kaduwela. Yes good location. Study the floodplains & how Kelani river behaves before buying any property in that area.

      Current date/time is Thu Nov 07, 2024 6:59 pm