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Sri Lanka : ASIAN DEVELOPMENT BANK set to provide US$1.4bln to SRI LANKA

June 16, 2014

Sri Lanka will get 1.4 billion US dollars from the Asian Development Bank (ADB) over the next four years to finance health, sanitation education and energy.

ADB Country Director for Sri Lanka Sri Widowati commented that the ADB would allocate 406 million US dollars for ongoing projects during this year. ADB is anticipated to contribute 406 million US dollars for ongoing projects in 2014.

She stated "ADB remains active in Sri Lanka and we want to do more. We will continue to focus on infrastructure development, including renewable energy, transmission efficiency, expansion of water supply urban areas with lower leakages at the same time focusing on the education sector."

Ahsan Tayyab, Unit Head, Portfolio Management of the ADB'sColombo resident mission informed that as of May 2014, the ADB had active projects of 2.14 billion US dollars.

Moreover, the ADB strongly engaged in improving Sri Lanka's state-run education system bolstering information technology skills via 380 million US dollars of projects in primary education expansion and also vocational training.

Out of total finance, 619 million US dollars were funding water supply and sanitation projects from Greater Colombo to Sri Lanka's rural dry zone and Jaffna and Kilinocchi areas which are recovering from a 30-year conflict.

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Source: TendersInfo (India)

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