Daily News Online

Friday, 3 July 2009

News Bar

News: Solar power for rural Madulla ...        Political: Rare show of unity ...       Business: Eastern province hotels to be upgraded ...        Sports: Ashen, Madhushanka enter quarters with clean record ...






Marriage Proposals
Government Gazette

ADB loan for water and sanitation project

US$ 85 million granted for Dry Zone:

The Asian Development Bank (ADB) has agreed to provide financial assistance of US$ 85 million (Rs. 10 billion) for the implementation of Dry Zone Urban Water and Sanitation Project.

The total 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 contribution for the fund is US$ 28 million.

Finance and Planning Ministry Secretary Sumith Abeysinghe and Asian Development Bank Vice President Xiaoyu Zhao signing the grant agreement.

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 Vavuniya and Mannar towns in the Northern Province and the balance for the water supply schemes in the North Western Province including Puttalam and Chilaw towns. The project will also support decentralization of service delivery functions of the National Water Supply and Drainage Board to regional offices and the capacity development in water resources management, coordination and the project management.

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

The loan and grant agreements for the project were signed today at the Ministry of Finance and Planning. Secretary to the Ministry of Finance and Planning Sumith Abeysinghe signed the agreements on behalf of the Government of Sri Lanka and Vice President of Asian Development Bank Xiaoyu Zhao signed on behalf of the ADB.

He is in Sri Lanka for a three-day visit to discuss ADB support for the reconstruction and development in the Northern Province as well as other ADB development programs. A project agreement relevant to the implementation arrangement of the project was also entered into between the ADB and the National Water Supply and Drainage Board.


St. Michaels Laxury Apartments
LANKAPUVATH - National News Agency of Sri Lanka
Donate Now | defence.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright 2009 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor