ADB provides further financing for rural road connectivity program in Sri Lanka

The Asian Development Bank (ADB) and the Government of Sri Lanka signed a $150 million Tranche 2 loan agreement for the Second Integrated Road Investment Program to continue ADB’s assistance to upgrade Sri Lanka’s rural road network, thereby connecting vast rural populations to jobs and services.

Under the Second Integrated Road Investment Program, which was approved by ADB on 29 September 2017, about 3,400 kilometers (km) of rural access roads and 340 km of national roads in the Eastern, Northern, and Uva provinces as well as a part of the Western province will be rehabilitated and improved. The program will also improve the capacity of the country’s road agencies for road safety, maintenance, research, design, and construction.

The program, which is due for completion in 2027, will deliver financing in five tranches until 2021. This is the second of such tranches. The government will meet $21.8 million of the second tranche program cost.

Original source: ADB
Published on 13 November 2019