SRI LANKA: ROAD-BUILDING - MAFIA STYLE: When properly planned, highways should deliver benefits much greater than the cost of construction, thus contributing towards economic growth. However, higher construction costs and poor planning lead to inadequate benefits that will make such roads a buden to the economy....It is found that the cost of constructing a kilometre of expressway has increased two to three fold over a period of five to six years. This is far higher than the rate of inflation for road construction. The cost of constructing roads in 2005 appears to match global norms while, in most instances, the current costs for foreign funded projects are also comparable with global rates. Thus, not all roads projects can be considered as being over-priced, says Prof. Kumarage:
Posted on: Sun, 21 Dec 2014 12:21:29 +0000
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