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<blockquote data-quote="monson" data-source="post: 20604076" data-attributes="member: 30005"><p><strong><span style="font-size: 18px">Sri Lanka to ask four China firms to build Ratnapura Expressway</span></strong></p><p></p><p>ECONOMYNEXT - Sri Lanka is to negotiate with four construction firms nominated by China to build a 73.9 kilometre expressway to Ratnapura, with financing to come from the country's Exim Bank.</p><p></p><p>The cabinet of ministers had approved a proposal to divide the so-called Ruwanpura Expressway into four sections and assign each section to a contractor.</p><p></p><p>A 26.3 kilometre section from Kahathuduwa to Ingiriya had been assigned to China National Technical Import and Export Corporation (CNTIC).</p><p></p><p>A 21.0 kilometre section from Ingiriya to Kahengama had been assigned to China National Aero-Technology International Engineering Corporation (CATIC-ENG).</p><p></p><p>A 12.7 kilometre section from Kahengama to Dela had been assigned to Hunan Construction Engineering Group Corporation (HCEGC).</p><p></p><p>A 13.9 kilometre section from Dela-Pelmadulla had been assigned to China Harbhour Engineering Company Ltd (CHEC).</p><p></p><p>A cabinet appointed negotiation committee and a project committee will evaluate a technical and financial proposal. Exim Bank of China will provide financing. (Colombo/Aug26/2016)</p><p></p><p>- <a href="http://www.economynext.com/Sri_Lanka_to_ask_four_China_firms_to_build_Ratnapura_Expressway-3-5972-6.html" target="_blank">http://www.economynext.com/Sri_Lanka_to_ask_four_China_firms_to_build_Ratnapura_Expressway-3-5972-6.html</a></p></blockquote><p></p>
[QUOTE="monson, post: 20604076, member: 30005"] [B][SIZE="5"]Sri Lanka to ask four China firms to build Ratnapura Expressway[/SIZE][/B] ECONOMYNEXT - Sri Lanka is to negotiate with four construction firms nominated by China to build a 73.9 kilometre expressway to Ratnapura, with financing to come from the country's Exim Bank. The cabinet of ministers had approved a proposal to divide the so-called Ruwanpura Expressway into four sections and assign each section to a contractor. A 26.3 kilometre section from Kahathuduwa to Ingiriya had been assigned to China National Technical Import and Export Corporation (CNTIC). A 21.0 kilometre section from Ingiriya to Kahengama had been assigned to China National Aero-Technology International Engineering Corporation (CATIC-ENG). A 12.7 kilometre section from Kahengama to Dela had been assigned to Hunan Construction Engineering Group Corporation (HCEGC). A 13.9 kilometre section from Dela-Pelmadulla had been assigned to China Harbhour Engineering Company Ltd (CHEC). A cabinet appointed negotiation committee and a project committee will evaluate a technical and financial proposal. Exim Bank of China will provide financing. (Colombo/Aug26/2016) - [url]http://www.economynext.com/Sri_Lanka_to_ask_four_China_firms_to_build_Ratnapura_Expressway-3-5972-6.html[/url] [/QUOTE]
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