The loan negotiations for Support to Colombo Urban Regeneration Project and Reduction of Landslide Vulnerability by Mitigation Methods Project were successfully concluded between the representatives of the Government of Sri Lanka and Asian Infrastructure Investment Bank at the AIIB Headquarters at Beijing, China on 21 and 22nd of February 2019. AIIB will provide loan facilities of USD 200 million and USD 80 million for the Colombo Urban Regeneration Project and Reduction of Landslide Vulnerability by Mitigation Methods Project respectively. Urban Development Authority (UDA) and the National Building Research Organization (NBRO) will implement the projects as the first two projects implemented with the financial assistance of AIIB.  

 

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