Saudi Arabia set to finance bridge construction in eastern Sri Lanka

Abdulmohsen A. Almudla, a director at the Saudi Fund for Development, with Mahinda Siriwardana, secretary to the Sri Lankan Ministry of Finance, Planning and Economic Development. (MoF)
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Updated 23 January 2025
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Saudi Arabia set to finance bridge construction in eastern Sri Lanka

  • Saudi Fund for Development previously financed Kinniya Bridge, Sri Lanka’s longest
  • Kingdom has helped finance various projects and granted development loans to the country

COLOMBO: Saudi Arabia is to finance a bridge construction project in Sri Lanka’s eastern district of Trincomalee, the Kingdom’s envoy in Colombo said on Thursday.

Sri Lanka’s Ministry of Finance, Planning and Economic Development and the Saudi Fund for Development have signed a revised agreement for a $10.5 million infrastructure project in the coastal town of Kinniya that will connect it to the Kurinchakerny peninsula.

The ministry announced on Wednesday: “(Some) $10.5 million has been allocated for the construction of Kurinchakerny Bridge, facilitating the transport and business needs of approximately 100,000 residents.”

The funds were repurposed from an earlier project between the Sri Lankan government and the SFD, the Saudi Ambassador to Sri Lanka Khalid bin Hamoud Al-Kahtani said.

The Kingdom previously funded the reconstruction of the Peradeniya-Badulla-Chenkaladi road in Sri Lanka, which connected the country’s eastern, middle and southern provinces. The massive project, which helped improve road safety and mobility in the island nation, was completed in 2021.

“The balance left from the project has been given for the construction of the project on a request made by the Sri Lankan government,” Al-Kahtani told Arab News.

“Through the revised agreement, it is expected to transfer funds that remained in the aforesaid project … and to mobilize the same towards construction of the Kurinchakerny Bridge (in Kinniya). It is envisaged to provide solutions to many transport difficulties.” 

Saudi Arabia has helped finance over a dozen projects in Sri Lanka, covering education, water, energy, health and infrastructure. The SFD has also granted at least 15 development loans to the island nation, worth more than $425 million in total.

In Trincomalee, the new bridge will be the second financed by the Kingdom after the Kinniya Bridge. At 396 meters it is the longest bridge in Sri Lanka and was opened in 2009.

A.L. Ashraff, a Kinniya-based journalist, said that the Kinniya Bridge had “triggered the region’s economic and cultural development.” 

The Kurinchakerny Bridge, he said, was a “fantastic gift for the thousands of people in Kinniya, which would make their daily life easier.”


Zelensky says peace proposals to end the war in Ukraine could be presented to Russia within days

Updated 53 min 40 sec ago
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Zelensky says peace proposals to end the war in Ukraine could be presented to Russia within days

  • But issues like the status of Ukrainian territory occupied by Russia remain unresolved. US-led peace efforts are gaining momentum
  • But Russian President Vladimir Putin may resist some proposals including security guarantees for Ukraine

KYIV: Ukrainian President Volodymyr Zelensky says proposals being negotiated with US officials for a peace deal to end his country’s nearly four-year war with Russia could be finalized within days, after which American envoys will present them to the Kremlin before further possible meetings in the United States next weekend.
Zelensky told reporters late Monday that a draft peace plan discussed with the US during talks in Berlin earlier in the day is “very workable.” He cautioned, however, that some key issues — notably what happens to Ukrainian territory occupied by invading Russian forces — remain unresolved.
U.S-led peace efforts appear to be picking up momentum. But Russian President Vladimir Putin may balk at some of the proposals thrashed out by officials from Washington, Kyiv and Western Europe, including postwar security guarantees for Ukraine.
Kremlin spokesman Dmitry Peskov repeated Tuesday that Russia wants a comprehensive peace deal, not a temporary truce.
If Ukraine seeks “momentary, unsustainable solutions, we are unlikely to be ready to participate,” Peskov said.
“We want peace — we don’t want a truce that would give Ukraine a respite and prepare for the continuation of the war,” he told reporters. “We want to stop this war, achieve our goals, secure our interests, and guarantee peace in Europe for the future.”
American officials on Monday said that there’s consensus from Ukraine and Europe on about 90 percent of the US-authored peace plan. US President Donald Trump said: “I think we’re closer now than we have been, ever” to a peace settlement.
Plenty of potential pitfalls remain, however.
Zelensky reiterated that Kyiv rules out recognizing Moscow’s control over any part of the Donbas, an economically important region in eastern Ukraine made up of Luhansk and Donetsk. Russia’s army doesn’t fully control either.
“The Americans are trying to find a compromise,” Zelensky said, before visiting the Netherlands on Tuesday. “They are proposing a ‘free economic zone’ (in the Donbas). And I want to stress once again: a ‘free economic zone’ does not mean under the control of the Russian Federation.”
The land issue remains one of the most difficult obstacles to a comprehensive agreement.
Putin wants all the areas in four key regions that his forces have seized, as well as the Crimean Peninsula, which Moscow illegally annexed in 2014, to be recognized as Russian territory.
Zelensky warned that if Putin rejects diplomatic efforts, Ukraine expects increased Western pressure on Moscow, including tougher sanctions and additional military support for defense. Kyiv would seek enhanced air defense systems and long-range weapons if diplomacy collapses, he said.
Ukraine and the US are preparing up to five documents related to the peace framework, several of them focused on security, Zelensky said.
He was upbeat about the progress in the Berlin talks.
“Overall, there was a demonstration of unity,” Zelensky said. “It was truly positive in the sense that it reflected the unity of the US, Europe, and Ukraine.”