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Message: <blockquote data-quote="monson" data-source="post: 23673939" data-attributes="member: 30005">ADB-Supported Elevated Highway to Improve Connectivity, Trade in Sri LankaMANILA, PHILIPPINES (27 September 2018) — The Asian Development Bank’s (ADB) Board of Directors has approved a $300 million loan to help in the construction of about 5.3 kilometers (km) of elevated toll highway with related facilities between the New Kelani Bridge (NKB) and Galle Face in central Colombo in Sri Lanka. The new highway is expected to ease traffic congestion, improve connectivity, and facilitate trade logistics in the country.“Improved connectivity and infrastructure development are essential if Sri Lanka is to reach its potential as a trade and logistics hub in South Asia,” said ADB Senior Transport Specialist for South Asia Mr. Kanzo Nakai. “The new highway will help provide a direct link to the city center and the port from the Colombo–Katunayake Expressway through the NKB, improving connectivity and contributing to growth.”In 2016, the port of Colombo handled about 1.3 million 20-foot equivalent units (TEUs) of gateway container cargo, which could double to 2.5 million TEUs in 2030 as Sri Lanka continues to grow. The port, however, is only serviced by a four-lane, ground-level access road passing through its main gate, which intersects with Baseline Road, one of the busiest trunk roads in Colombo. This leads to serious traffic congestion in the city and holds back trade and mobility.The 5.3-km elevated toll highway to be built as part of the South Asian Subregional Economic Cooperation (SASEC) Port Access Elevated Highway Project will include related road facilities including an advanced electronic toll collection (ETC) system, which will eventually be installed on the entire expressway network. The project will also upgrade 1.4 km of the ground-level port access road from four to six lanes, while a maritime facilitation center will be constructed to provide better services to port users and relocate and gather the administrative and operational functions of the port, many of which will be affected by the construction of the elevated highway. The project also contributes to regional connectivity and trade, in line with SASEC’s goals.More:- <a href="https://www.adb.org/news/adb-supported-elevated-highway-improve-connectivity-trade-sri-lanka" target="_blank">https://www.adb.org/news/adb-supported-elevated-highway-improve-connectivity-trade-sri-lanka</a><img src="https://i.postimg.cc/P5hfQFgn/mapofprojectarea.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></blockquote>

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