ADB $100M Loan to Improve Sri Lanka’s Neglected Wastewater System

Around 1.5 million residents in Colombo, Sri Lanka’s economic and administrative center, will benefit from a large-scale wastewater management project funded by the Asian Development Bank (ADB).

ADB’s Board of Directors approved a $100-million loan package for the project, including $80 million from its ordinary capital resources (OCR) and $20 million from its concessional Asian Development Fund (ADF). The Sri Lanka Government will cover the remaining cost of $16.6 million.

The project has three components. The first involves the upgrading of sewerage infrastructure in Colombo. The second component will strengthen the capacity of the government and the municipal service provider, Colombo Municipal Council (CMC), to manage the assets and finances of the sector, monitor operations, ensure environmental regulatory compliance, and provide customer service. The last component will support project management and implementation.

Source: ADB, 29 Sep 2009

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