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Signing of Loan Agreement: LKR 9,347 millions from Asian Development Bank to Rehabilitate Access Roads to Southern Expressway
Signing of Loan Agreement: The Asian Development Bank has agreed to provide funding assistance of US$ 59 million for the implementation of the "Pura Neguma" Project with the objective of achieving a balanced regional development in the country while improving the Local Government infrastructure and service delivery.
14/12/2011
A loan agreement was signed between the the secretary, Ministry of Finance & Planning on behalf of the Government and the Asian Development Bank Country Director on behalf of the Asian Development (ADB ), on 14th December 2011 at the Ministry of Finance & Planning having recognized the requirement to rehabilitate the roads connecting to the Southern Expressway (SE), the first ever expressway in Sri Lanka. With the financial assistance of Rs. 9,348.61 mn (USD 85.0 mn) from the ADB Matara - Akuressa (3.40 km), Hikkaduwa - Baddagana (14.34km), Horana - Aguluwatota - Aluthgama (23.48 km), Katukurunda - Naboda (2.72km), Kirulapona - Godagama (5.33 km) and Colombo - Horana (12.7 km) are planned to be rehabilitated.|More|
21/10/2011
A Loan Agreement was signed between Government of Sri Lanka and The Asian Development Bank (ADB) on 21st Octorber 2011 for the implementation of the "Pura Neguma" Project with the objective of achieving a balanced regional development in the country while improving the Local Government infrastructure and service delivery.
The total investment cost of this project is US$ 68.77 million (Rs. 7564 million). It includes a loan of US$ 59 million (Rs. 6490 million) from the Asian Development Fund (ADF) while US$ 9.77 million (Rs. 1074 million) will be provided by the Government of Sri Lanka.
In this Connection, Secretary to the Ministry of Finance and Planning, on behalf of the Government of Sri Lanka and the Country Director of ADB on behalf of the ADB, signed the Loan Agreement on at the Ministry of Finance & Planning.|More|
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