SL seeks USD 10mn technical assistance loan from ADB

Published : 12:01 am  July 17, 2018 | No comments so far |  | 


 reads | 

  Cabinet approval was recently granted to obtain a loan of USD 10 million from the Asian Development Bank (ADB) to carry out feasibility studies, prepare detailed designs for assignments, strengthen institutional capacity for expediting projects and advancing project preparedness through the proposed urban project preparatory facility.   

The proposal made by Prime Minister Ranil Wickremesinghe sought to enhance the start up efficiency of 25 secondary town development projects implemented under the Ministries of Provincial Councils, Local Government and Sports and projects for the development of four strategic cities implemented under the Megapolis and Western Development Ministry.