ADB provides US$85 mn for dry zone development
The Asian Development Bank (ADB) has agreed to provide financial assistance of US$ 85 million (Approximately Rs 10 billion) for the implementation of Dry Zone Urban Water & Sanitation Project in Sri Lanka.

The total investment cost of the project is US$ 113 million. The ADB assistance includes a concessional loan of US$ 59.78 million, a grant of US$ 23.22 million and a further grant amounting to US$ 2 million from the Netherlands Trust Fund for the Water Financing Partnership Facility. The Government of Sri Lanka contribution for the fund is US$ 28 million.

The loan funds will be utilized for rehabilitation, expansion and development of water and sanitation infrastructure in the Northern Province and North Western Province. Of the total cost of the project, US$ 35 million will be allocated for the development of water and sanitation facilities in Vavniya and Mannar towns in the Northern Province and the balance for the water supply schemes in the North Western Province including Putalam and Chilaw towns.

The project will also support decentralization of service delivery functions of the National Water Supply and Drainage Board to regional offices as well as the capacity development in water resources management, coordination and the project management.

The project will be implemented by the National Water Supply & Drainage Board under the supervision of the Ministry of Water Supply & Drainage. The project is expected to be completed by 2013.

www island.lk

Copyright©Upali Newspapers Limited.

Hosted by


Upali Newspapers Limited, 223, Bloemendhal Road, Colombo 13, Sri Lanka, Tel +940112497500