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The First Two Sri Lankan Projects Funded by the Asian Infrastructure Investment Bank

The loan agreements for the first two projects financed by the Asian Infrastructure Investment Bank (AIIB) were signed between the Government of Sri Lanka and the AIIB on 25 April 2019 in Beijing, People’s Republic of China. The Vice President and Chief Investment Officer of AIIB Dr. D J Pandian signed on behalf of the AIIB, and H E the Ambassador of Sri Lanka in Beijing, People’s Republic of China, Dr. Karunasena Kodituwakku signed on behalf of the Government of Sri Lanka.

1.       Reduction of Landslide Vulnerability by Mitigation Measures Project

The total project cost of Reduction of Landslide Vulnerability by Mitigation Measures Project is estimated at USD 110 million. The objective of the proposed project is to reduce risk and damage from landslides through the implementation of physical mitigation measures and enhancement of policy and regulation associated with landslide management. The project will include field investigations, detailed designs, construction works and construction supervision/management activities for the landslide mitigation measures for prioritized 147 sites in 10 selected districts.


The AIIB, which is a multi-lateral bank has agreed to finance this project through a loan facility of USD 80 million. The GOSL will provide USD 30 millionwhich will cover the relevant taxes and cost of initial design and investigation works. This project will be implemented by National Building Research Organization (NBRO) under the supervision of Ministry of Public Administration and Disaster Management.

2.       Support to Colombo Urban Regeneration Project

The Support to Colombo Urban Regeneration Project will support the continued implementation of Urban Regeneration Project Phase III, which is currently being implemented by the Government.  The total project cost of Support to Colombo Urban Regeneration Project is estimated at USD 287 million. The objectives of this project are to improve the housing conditions of low-income communities and increase land use efficiency in Colombo through investments in the construction of affordable housing and redevelopment of land, along with the associated enhancement of systems and policies.

The AIIB has agreed to finance this project through a loan facility of USD 200 million. The GOSL will provide USD 82 millionwhich will cover the relevant taxes and cost of initial design and investigation works. The balance USD 5 million will be provided through a private partner. This project will be implemented by Urban Development Authority (UDA) under the Ministry of Megapolis and Western Development.

Issued by the Department of External Resources on 30th April 2019.






The Working Group on Development Cooperation under the framework of the European Union-Sri Lanka Joint Commission concluded its 3rd meeting in Brussels on 13th February 2019. The meeting was held in a positive, open and constructive atmosphere. It was co-chaired by Dr. R.H.S. Samaratunga, Secretary, Ministry of Finance and -      Mr. Micha Ramakers, Deputy Head of Division (Middle East, Central Asia, South Asia), Directorate-General for International Cooperation and Development (DG DEVCO) of the European Commission (EU). Senior officials from the European Union and Sri Lanka also participated in the meeting.

The EU and Sri Lanka have enjoyed diplomatic ties that span for more than 40 years. To date, nearly US $ 262 million of grant assistance from European Union to Sri Lanka has been recorded in ERD. Apart from the above recorded grants, the EU has provided humanitarian assistance to Sri Lanka at needy situations i.e. floods, droughts, and landslides.

The total allocation of EU grants to the focal sector "Integrated Rural Development" is EUR 107 million, out of which EUR 60 million has already been committed and EUR 10 million will be committed in 2019 for the Food Safety and Quality Programme while the remaining amount of EUR 37 million is envisaged for the Agriculture sector as a budgetary support.

The total grant allocation for the “Democratic Governance and Reconciliation” sector is EUR 80 million, out of which 62 million has already been committed for the reconciliation, the support to Public Finance Management and the STRIDE programmes. The Annual Action Programme 2019 foresees a further action with an allocation of EUR 18 million to support the Justice Sector.

Sri Lanka and the EU agreed on working continuously for supporting the "Mundeni Aru Basin Development Project" by providing a grant amounting to EUR 10 million from EU’s Multi-annual Regional Indicative Programme for Asia (MRIPA) which is proposed to be implemented and co-financed by the AFD.

The EU briefly informed about the ongoing preparations for the next multi-annual financial framework 2021-2027 at the meeting.

Both sides expressed their satisfaction at the overall performance of the ongoing programmes and projects supported by the EU. An outline of potential areas of cooperation identified by the Government of Sri Lanka was presented at the meeting, while the EU shared information on the main guiding principles and elements for the next Multi-Year Financial Framework from 2021 onwards and the new Cooperation Instrument, Neighbourhood, Development and International Cooperation Instrument (NDICI).

The next WGDC will be held in Colombo in early 2020.



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The Government of Sri Lanka has entered into a loan agreement worth of USD 50 million with the Asian Development Bank to finance the Rooftop Solar Power Generation Project. 

The main objective of this project is to support government’s “Battle for Solar Power Programme” to achieve the target of 200 MW by 2020 and 1000 MW by 2025 through solar power generation. Clean and sustainable power generation will be enhanced through the proposed project by increasing debt facilities and funding for the rooftop solar power generation, developing solar rooftop market infrastructure and bankable subproject pipeline. It is expected to add 50 MW to the national grid under this project. 

The Department of Development Finance of the Ministry of Finance and Mass Media which is the Implementing Agency of the project, will coordinate with the selected financial institutions to provide credit facilities to the customers to purchase Rooftop solar panels from reliable suppliers who registered under the Sustainable Energy Authority. The Ceylon Electricity Board (CEB) and Lanka Electricity Company Ltd (LECO) will support the project implementation by providing technical recommendations to the Financial Institutions regarding technical proposals of the applicants (customers) and reviewing and approving applications for connection of solar rooftop systems to the distribution network and confirming quality of generated power. In addition, customers will be benefited financially through one of the system among net metering, net accounting or net plus as a result of connecting solar electricity generated by this project to the national grid. 

The total investment cost of this project is USD 59.8 million of which USD 50 million will be provided by ADB. Equity contribution by customers for the subprojects will be USD 9.8 million. 
In this connection, Dr. R H S Samaratunga, Secretary of the Ministry of Finance and Mass Media on behalf of the Government of Sri Lanka and Ms. Sri Widowati, Country Director of ADB Sri Lanka Resident Mission on behalf of ADB, signed a Loan Agreement on 18th September 2018 at the Ministry of Finance and Mass Media. 










With the present development of the Colombo City and its suburb, many skyscraper buildings with multiple floors are being constructed and hence there is an urgent necessity for ensuring the safety of these properties and the inhabitants.

However, the vehicle fleet of the Fire Service Department in Colombo Municipal Council is very old and incurring a significant expenditure for annual maintenance. Hence there is a necessity to have a new fleet of vehicle in order to minimize the maintenance cost as well as to ensure the safety of the properties and the inhabitants.

Accordingly, the Ministry of Internal & Home Affairs and Provincial Councils & Local Government has concluded a contract agreement with the M/S Rosenbauer International AG with a total estimated cost of Euro 10,317,000 (approximately Rs. 2100 mn) for Supplying of Firefighting Vehicles and Equipment for the Colombo Municipal Councils. 6 medium tank fire fighting and rescue vehicles, 3 heavy tank fire fighting vehicles, 2 heavy rescue vehicles, a mobile command centre and 3 aerial ladders will be supplied under this contract.

The UniCredit Bank, Austria, AG agreed to provide a loan of Euro 10.317 million in support of the above project. The Loan Signing ceremony of the above Loan Agreement with the UniCredit Bank was held at the premises of Bank Austria in Vienna with the participation of Secretary to the Ministry of Finance and Mass Media, Director General of the Department of External Resources, Mr. Dieter Hengl (Member of board) and Mrs. Mary-Ann Hayes on 12th February 2019.



පසුගිය දශක දෙකක කාලපරිච්ඡේදය තුල උපායක්‍රමිකව වැදගත් සංවර්ධන ව්‍යාපෘති ගනණාවක් ක්‍රියාත්මක කිරීම සඳහා මූල්‍යය සහායන් පිරිනමමින් අන්තර් ජාතික සංවර්ධනය සඳහා වූ ඔපෙක් අරමුදල (OFID) ශ්‍රී ලංකාවේ ප්‍රධාන සංවර්ධන පාර්ශවකරුවෙක් බවට පත්ව ඇත. වර්තමාන ණය මාලාව තුල, අන්තර් ජාතික සංවර්ධනය සඳහා වූ ඔපෙක් අරමුදල (OFID) මහාමාර්ග සහ වාරිමාර්ග යන ක්ෂේත්‍ර සඳහා අරමුදල් සම්පාදනය කරනු ලබයි.


අපගේ ශ්‍රම බලකාය වැඩ කරන ක්‍රමවේදය හා රටාවන්, හැකියාවන් සඳහා පවතින වෙනස්වන ඉල්ලුම සහ තාක්ෂණික පිබිදීම යන ද්විත්ව සාධක මත වෙනස් වීමට බඳුන් වේ. මෙම තත්ත්වය තුල, ශ්‍රී ලංකාවේ අධ්‍යාපන සහ නිපුණතා සංවර්ධන වැඩසටහන් නැගීඑන අවශ්‍යතාවලට අනුගත කිරීමට අවශ්‍ය වී ඇත. තාක්ෂණ සහ පර්යේෂණ යන ක්ෂේත්‍ර, අවශ්‍ය වෘත්තීය කුසලතා සැපයීම සඳහා ඒකාබද්ධව දායකවනු ඇත. රජය විසින් මෑතකදී වසර 13 අනිවාර්ය අධ්‍යාපන ප්‍රතිපත්තිය හදුන්වා දෙන ලදී. ඒ අනුව, ප්‍රායෝගික ක්‍රියාකාරකම් සහ ගුරුවරුන් පුහුණුව සඳහා අවශ්‍ය නවීන තාක්ෂණයෙන් අනූන යටිතල පහසුකම් සහ උපකරණ සැපයීම අනිවාර්ය වී ඇත.


මේ අනුව, අධ්‍යාපන අමාත්‍යාංශය විසින් උක්ත ව්‍යාපෘතිය මඟින් පාසල් සඳහා තාක්ෂණික විද්‍යාගාර ඉදිකිරීමට සහ ඒවාට අවශ්‍ය යන්ත්‍ර  උපකරණ සැපයීමට අපේක්ෂා කර ඇත. මෙම ව්‍යාපෘතියේ සමස්ථ පිරිවැය ඇ.ඩොලර් මිලියන 60.70කි. මෙම ව්‍යාපෘතියට සහය වීම සඳහා අන්තර් ජාතික සංවර්ධනය සඳහා වූ ඔපෙක් අරමුදල (OFID) විසින් ඇ.ඩොලර් මිලියන 50ක් සැපයීමට එකඟතාවය පලකර ඇත. ව්‍යාපෘතිය සඳහා අවශ්‍ය අතිරේක අරමුදල වන ඇ.ඩොලර් මිලියන 10.70ක් ශ්‍රී ලංකා රජය විසින් දරනු ඇත.


මේ සඳහා වූ ණය ගිවිසුමට ශ්‍රී ලංකා රජය වෙනුවෙන් මුදල් හා ජනමාධ්‍ය අමාත්‍යාංශයේ ලේකම් ආචාර්ය ආර්. එච්. එස්. සමරතුංග මහතාද, අන්තර් ජාතික සංවර්ධනය සඳහා වන ඔපෙක් අරමුදල (OFID) වෙනුවෙන් එම අරමුදලෙහි අධ්‍යක්ෂ ජනරාල් සුලෙයිමන් ජේ. අල්-හර්බිෂ් (Suleiman J. Al- Herbish) මහතාද, 2018 ජූලි 03 වන දින ඔස්ට්‍රියාවේ වියානා නුවර පිහිටි අන්තර් ජාතික සංවර්ධනය සඳහා වන ඔපෙක් (OFID) ආයතන මූලස්ථානයේදී අත්සන් තබන ලදී.




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