Entering into talks with ADB for Rs 243M green lighted

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The Cabinet of Ministers granted approval to hold discussions and enter into negotiations, as well as taken future action, with the Asian Development Bank (ADB) in relation to obtaining USD 243 million.

Cabinet Spokesman Bandula Gunawardena said yesterday (9) that this is in relation to phase five of iROAD 1 programme and USD 200 million for phase 4 of iROAD 2 programme to enable implementation of project activities of the said projects without disturbance.

140 civil work contracts have been awarded for upgrading and maintenance of 6,250 km of rural roads and 750 km of national highways by iROAD 1 and iROAD 2 projects financed by the Asian Development Bank. Approximately 4,800 km of rural roads and 300 km of national highways have been completed by now.

(TR)