Malaysia, Sri Lanka sign MoU on US$280mil highway


  • Business
  • Thursday, 11 Sep 2003

THE governments of Malaysia and Sri Lanka have signed a memorandum of understanding (MoU) on the 110km Colombo-Kandy Expressway project, valued at US$280mil. 

A consortium comprising three local companies led by the Construction Industry Development Board Malaysia would undertake the project on a build, operate and transfer basis, said Works Minister Datuk Seri S. Samy Vellu. 

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