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ADB to provide USD 350Mn for power and road projects

2017-Nov-24 by  News Admin  

Sri Lanka’s Govenment and has entered into two loan agreements with Asian Development Bank to borrow 150 million US dollars to develop rural roads and 200 million US dollars for the implementation of Power Project.

The Ministry of Finance and Mass Media, Wednesday entered into two Loan Agreements with Asian Development Bank  to borrow USD 150 million for the development of 3400 km of rural roadways and 200 million US dollars for the implementation of 100 MW Wind Power Generation Project in Mannar Island.

Under the first phase of this program 3,108 km of rural access roads and 248 km of national roads in Southern, Central, Sabaragamuwa, North Western, North Central Provinces and Kalutara District in Western Province are being improved and maintained.

The total investment cost of the first tranche of this project is 172.1 million US dollars.

Sources : news24

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