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100 million Dollar grant from World Bank to improve roads

Apr 14, 2011 8:25:25 AM - itnnews.lk

The World Bank has approved 100 million US Dollars in additional financing for ‘The Sri Lanka Road Sector Assistance Project. It will support the Sri Lankan Government to continue creating an efficient national road system and lower transportation costs to maximize opportunities and growth.

A World Bank statement said the project was initially approved in 2005 and has resurfaced and improved over 620 km of national roads which has contributed to improvements in road conditions as well as increased maintenance finance. The statement said this assistance is being provided for the scaling up of the project which will enable the Government of Sri Lanka to provide improved connectivity to the Northern and Eastern Provinces and thereby reap the benefits of the cessation of the conflict,” the statement said.

World Bank Country Director for Sri Lanka, Diarietou Gaye has said that connecting people to prosperity between the East and West will be critical for Sri Lanka to realize its ambitious development goals. The government with the grant expects to rehabilitate an additional 134km of national roads in the East-West corridor and continue to strengthen assistance in road