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US$100 million for road development

May 3, 2011 5:44:24 AM - itnnews.lk

The World Bank has agreed to provide US$100 million in assistance for the government to improve the roads connecting the East and West.

The related agreement has been inked at the Finance Ministry. Finance Secretary Dr. P.B. Jayasundera and World Bank Country Director Diarietou Gaye signed the agreement. This project will improve connectivity to the Northern and Eastern Provinces and assist the government to accelerate and reap the benefits from the cessation of the conflict, it noted. Under the project, financial assistance is being provided to improve and upgrade a 134-km segment on the East-West corridor of the A6 from Ambepussa to Dambulla and Kantale to Trincomalee in two phases.

This round of assistance is in addition to the funding provided to the original project which has already improved and completed over 620 km of national roads spread across eight provinces.