Extension of Southern Expressway Project Section I Hands over to Road Development Authority of Sri Lanka
On November 9, Extension of Southern Expressway Project (ESEP) Section I - Matara to Beliatta, a key project of the Belt and Road Initiative undertaken by China National Aero-technology International Engineering Corporation (AVIC-ENG ), was fully opened 173 days ahead of schedule. The project lasted eight years from bid preparation to the signing of contract and then to completion. As the largest single-contract project of China’s aviation industry then, it had received care and support from the Chinese Embassy in Sri Lanka and enjoyed preferential export buyer’s credit provided by the Export-Import Bank of China. Under the framework of the Belt and Road Initiative and as the first road project of AVIC-ENG receiving financing support from concessional loan/preferential export buyer’s credit of the Chinese government, the project has given full play to China’s technological advantages in infrastructure construction and contributed to the healthy and sustainable development of Sri Lanka.