Green Power Development and Energy Efficiency Improvement Investment Program ADB Provides loan assistance of USD 150 million
Published on 21 November 2014
The demand for electricity is increasing rapidly with emerging economic activities of Sri Lanka. It is required to install additional capacity of 2502 MW to the national grid by 2020 to increase the current national electrification ratio of 96% and to fulfill future demand. Therefore, the government has given priority to ensure energy security at lowest cost while diversifying energy sources and promoting power generation through cleaner and non conventional renewable energy sources
“Maga Neguma” Integrated Road Investment Program of the Government – ADB Provides loan assistance USD 800 million
The Development Policy Framework of the Government has identified the necessity of rehabilitation and improvement of road network of the country to provide nationwide connectivity. While establishing a trunk road network with expressways and well-connected national roads, the Government wishes to improve rural road network to connect rural populations to trunk roads.Therefore, the Government has planned to implement an investment program to ensure rural road connectivity with the adjacent socio economic centers. Under this program 1,000 rural community hubs will be selected based on the population, development potentials and the distance to trunk roads. Selected national roads, provincial and local authorityroads including feeder roads will be rehabilitated to ensure the connectivity to the selected rural hubs.
Published on 17 October 2014
The Deutsche Bank AG (London) & the Bank of Tokyo-Mitsubishi UFG Ltd has agreed to provide a credit facility of USD 162 million to finance construction and rehabilitation of 537 rural bridges with lengths of 6-30 metres covering the entire island
The construction of these bridges will immensely facilitate in creating opportunities for rural and estate communities residing in remote areas connecting a number of villages. It will enhance the quality of living standards of the people in these areas. Reduction of travel time and distance travelling would bring benefits to these communities