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Message: <blockquote data-quote="monson" data-source="post: 21213082" data-attributes="member: 30005">Rs. 161 b expressway: It’s China againAnother massive unsolicited project; loan coming from Exim BankBy Damith Wickremasekara  In another unsolicited proposal, a Chinese company has been awarded the contract for the construction of the fourth phase of the Central Expressway project.Under the project, the Central Expressway between Kurunegala and Dambulla spanning 58.7 kilometres of four lanes is to be constructed at a cost of Rs. 161.61 billion, excluding Value Added Tax.Cabinet approval for the project has been granted to obtain a loan from the Exim Bank of China with the project to be carried out by the China Gezhouba Group of Companies.   Sri Lanka will receive a six-year grace period for the repayment of the loan and it will have to be completed in 20 years.Project Director T.S.H. Abewickrema told the Sunday Times the agreement would be signed next week and work would be started at a  ceremony presided over by President Maithripala Sirisena the following week.She said the project would be completed in three and a half years and would be part of the ‘Rajarata Navodaya’ – the President’s programme for the development of the Polonnaruwa district.Ms. Abeywickrema said the expressway would include five interchanges at Ridigama, Melsiripura, Galewela and two in Dambulla. There would be 21 bridges, 32 culverts, nine under passes and seven over passes.- <a href="http://www.sundaytimes.lk/170205/news/rs-161-b-expressway-its-china-again-227449.html" target="_blank">http://www.sundaytimes.lk/170205/news/rs-161-b-expressway-its-china-again-227449.html</a></blockquote>

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