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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. 

 

 

 

 

 

 

 

 

 

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.

 

 

 

The Government of Sri Lanka obtained ADB Financial assistance of USD 100 million in 2016 to finance the Small and Medium-Sized Enterprises (SME) Line of Credit Project. The objective of the project was to strengthen the SME sector in Sri Lanka by facilitating access to finance and expand the employment opportunities in the sector. The project is being successfully implemented and given the importance of this intervention, the Government of Sri Lanka decided to obtain an additional financing through a loan of USD 75 million with the intention to scale up the ongoing SME Line of Credit Project.

The Additional financing will be utilized to deliver four outputs through the project : Increase of financing to SMEs through intermediaries, Development of innovative SME financing scheme, Enhancement of capacity of SMEs in targeted clusters for accessing financial services and Strengthening of international competitiveness of information and communication technology/business process outsourcing (ICT/BPO) cluster.

The additional loan of USD 75 million is planned to be disbursed in 3 tranches of approximately USD 25 million each. The Government will relend the loan funds in local currency to participating banks through three semiannual allocations based on the banking sector’s average weighted deposit rate. The proceeds of the loan will be available to the participating banks for relending to the SMEs based on the previously agreed targets between the Asian Development Bank and the Government specially focusing on first time borrowers, women-led SMEs and SMEs located outside of Colombo etc. Further, participatory banks should achieve SME on-lending targets before participating in subsequent allocations.


The Ministry of Finance and Mass Media will be the Executing Agency of the SME Line of Credit (Additional Financing). The Department of Development Finance will be the Implementing Agency for Outputs of Increase of financing to SMEs through intermediaries, Development of innovative SME financing scheme and Export Development Board will be the implementing agency for outputs of Enhancement of capacity of SMEs in targeted clusters for accessing financial services and Strengthening of international competitiveness of information and communication technology/business process outsourcing (ICT/BPO) cluster. The overall project is scheduled to be completed by 31st March 2020.

In this connection, Dr. R H S Samaratunga, Secretary to 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 the loan agreement to obtain USD 75 million on 16th February 2018 at the Ministry of Finance and Mass Media.

 

 

 

USD 453 mn from ADB for Mahaweli Water Security Investment Program

-      The Total Investment USD – 675 m

The Mahaweli Water Security Investment Program is one of the major ongoing investment program currently being implemented under the loan assistance of the Asian Development Bank(ADB) The total investment cost of this program is USD 675 million of which USD 453 million will be provided by ADB under Multi - tranche Financing Facility (MFF). The Government of Sri Lanka has already signed two loan agreements with ADB to obtain USD 150 million to finance the first tranche of the programme.

Three major investment projects; Upper Elahera Canal Project, North Western Province Canal Project, Minipe Left Bank Canal Rehabilitation Project will be implemented under the above investment program. The construction of new and improved water conveyance and storage infrastructure under this program will increase the productivity of agricultural lands in the North Western, North Central and Central Provinces. Constructions of 158 Km canals including 38 km of tunnels are being implemented. In addition construction of two new reservoirs with storage capacity of 36 MCM (Million Cubic Meters) are also included in the program. Rehabilitation of 74 km Minipe Left Bank Canal is also programmed under this investment.

25,000 farmer families under Upper Elahera Canal Project, 40,000 farmer families under North Western Province Canal Project and 15,000 farmer families under Minipe Left Bank Canal Rehabilitation Project will be directly benefited through this whole program. In addition, provision of safe drinking water for people live in those areas will help to prevent Chronic Kidney Disease. (CKD)

 

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 The Government of Sri Lanka entered into 3 Loan Agreements worth of USD 270 million with the Asian Development Bank for the implementation of two projects; Integrated Road Investment Program and Jaffna Kilinochchi Water Supply Project. A loan of USD 150 million was obtained for the investments required for the 4th Tranche of the Integrated Road Investment Program and two loans worth of USD 120 million were obtained as additional financing for the investment required for the ongoing Jaffna Kilinochchi Water Supply Project.

Integrated Road Investment Program – Tranche 4

The Integrated Road Investment Program is being implemented in six Provinces; i.e. Southern, Central, Sabaragamuwa, North Western, North Central Provinces and Kalutara District in Western Province under the financial assistance of Asian Development Bank since 2014 with the aim of building up better connectivity between rural communities and socio economic centers. About 3108 km of rural access roads and about 248 km of national roads will be improved and maintained under this program. In addition, the program is focused on enhancing the capacity of road agencies on road asset management, project management and contract administration. The total investment cost of the overall program is US$ 906 million of which US$ 800 million will be provided by ADB under Multi-tranche Financing Facility (MFF) through six tranches. The Government contribution for the total program is US$ 106 million. The government has already obtained loan assistance of US$ 407 million from ADB under the 1st, 2nd and 3rd tranches. The total investment cost of the proposed tranche 4 is US$ 168 million. The Government will contribute US$ 18 million and the balance US$ 150 million will be obtained from ADB.

Jaffna Killinochchi Water Supply and Sanitation Project – Additional Financing

Safe drinking water is an essential prerequisite for better health and socio economic development in a country .The focus of the Government to provide safe drinking water to the entire population of the country by 2020 of which 60 percent would be pipe borne water.

In line that, the overall impact of the Jaffna Killinochchi Water Supply Project is to improve health and human development in urban areas of Jaffna Peninsula. Improvement of headwork at the Iranamadu water Tank, implement of water supply infrastructure and services in the Jaffna Peninsula and strengthening of water resources management system are the main components of this project. Additional financing of the Jaffna Kilinochchi Water Supply Project will support restructuring of the current project by financing the cost overrun under the current project and supporting the additional activities of the desalination plant and related works under the component of improvement of water supply infrastructure and services in the Jaffna Peninsula and additional activates of the water resource management system component.

The total investment cost of the Jaffna Killinochchi Water Supply Project - Additional Financing will be US$ 153 million. The Government will contribute US$ 33 million and the balance portion of US$ 120 million will be provided in two loans by ADB

In this connection, at the Ministry of Finance and Mass Media, 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 three Loan Agreements on 15th December 2017 to obtain USD 270 million for the implementation of the Integrated Road Investment Program – Tranche 4 and Jaffna Killinochchi Water Supply Project (Additional Financing).

 

 

 

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