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ADB lends US$ 15 m to overhaul road system

MANILA, Thursday (AFP)

The Asian Development Bank (ADB) said Thursday it will lend about 15 million dollars to Sri Lanka to overhaul the country's deteriorating road network.

The loan will help the government efficiently manage the early stages of road projects to avoid delays in implementation, the ADB said in a statement from its headquarters in the Philippine capital.

"The loan will encourage timely pre-construction operations without waiting for funding for external sources," Hiroaki Yamaguch, ADB transport specialist was quoted as saying.

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