Initial bid papers for the Colombo Katunayake toll road will be on offer in two weeks, with an annuity based financial model for prospective investors, also finalised.
Documents are ready for a pre-qualification round, to be open in two weeks to narrow down the interest to six firms, who will then submit full detailed proposals.
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rnldblquote We should be able to put forward the concession agreement and Request For Proposal documents to the investors by March next year dblquote , Board of Investment Chief, Arjunna Mahendran said Thursday.rn
rnThe chosen private investor will design, build, finance and maintain the road for a about 15 to 20 years, on Build, Own and Transfer (BOT) basis. rn
rnldblquote The time to get into the project is right. Interest rates are low, multilateral donor agencies are encouraging the government to go in for the project and we have already received mandatory environmental approvals dblquote , Team leader of the Project, Leel Wickrema