Sri Lanka to receive USD 60mn in financial assistance from ADB

INSUBCONTINENT EXCLUSIVE:
The Government of Sri Lanka says it is planning to borrow USD 60 million from the Asian Development Bank (ADB) under the Second Integrated
Road Investment Program (Tranche 4) to finance carrying out the critical works of the already commenced and incompleted road sections of the
investment cost of the 4th tranche is estimated at USD 68.5 million, out of which USD 8.5 million has been agreed to be borne by the
K.M
Mahinda Siriwardana, Secretary, Ministry of Finance, Economic Stabilization and National Policies and Mr
Takafumi Kadono, Country Director, ADB Sri Lanka Resident Mission, on 28th November 2023 on behalf of the Government of Sri Lanka and ADB
respectively.