As an extension of its commitment to achieving a prosperous, inclusive, resilient and sustainable Asia and Pacific the Asian Development Bank (ADB) has signed a $200 million loan agreement with the government.
The loan of $200 million is the 3rd tranche in a 5 tranche loan collectively valued at $900 million. The loan would be used to further the Second Integrated Road Investment Program which sees to develop a better transport infrastructure allowing for the rural communities to have better access to jobs and facilities. As part of the project which is to be completed in 2027, 340 km of road networks in the Eastern, Northern, Western and Uva provinces would be developed and further improved.
The agreement was signed on behalf of the government by the Secretary of the Treasury and Ministry of Finance S.R. Attygalle and Country Director Chen signed on behalf of the Asian Development Bank. The Chairman of the Road Development Authority C.P. Athuluwage was also present at the signing of the agreement.
Despite the pandemic situation the project is to continue while the safety of the workers are ensured by adhering to the strict health guidelines.
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