The Government of Sri Lanka and the Asian Development Bank (ADB) have signed a loan agreement of USD 90 million for phase 5 of the Second Integrated Road Investment Program (iROAD 2). According to a statement from the Ministry of Finance, the loan agreement has been signed after the government successfully concluded discussions with the ADB. The objective of this program is to enhance road transport efficiency by improving connectivity between selected rural communities and key socio-economic centres, while also strengthening the institutional capacity of national road agencies. According to the ADB, the loan will support the upgrading of approximately…
Sri Lanka & ADB sign USD 90 Mn loan agreement for road development
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth