$200m ADB loan continues support for Sri Lankan road project

The Asian Development Bank has signed a $200 million loan agreement with the Sri Lankan government for the Second Integrated Road Investment Program Tranche 3 to upgrade the country's rural road network.

The loan is the third of five tranches under the program, which was approved by ADB’s Board of Directors in 2017. The program will deliver a total financing of $900 million to rehabilitate and improve about 3,400km of rural access roads and 340km of national roads in the Eastern, Northern, Uva, and Western provinces. It will improve the capacity of the country’s road agencies on road safety, maintenance, research, road design, and construction. The program is due for completion in 2027.