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- Operations
- Western Province Road Development Project
Western Province Road Development Project
Sri Lanka
Borrower | Sri Lanka |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Transportation |
Approved | 13.06.2013 |
Signed | 26.06.2015 |
Status | Ongoing |
Loan Administrator | OPEC Fund |
Executing Agency | The Road Development Authority (RDA) |
Co-financiers | Government |
OPEC Fund Contribution (US$m) | 17.00 |
Total Project Cost (US$m) | 24.50 |
To upgrade 27 km of roads to improve the population’s access to health, education and other social services and lower the cost of transporting agricultural produce and other goods. The project will lead to lower transport costs of finished and semi-finished goods, which will stimulate manufacturing, mining, tourism, agriculture and trade in many ways. It will also will reduce the cost of marketing and transport, increase the financial returns to farmers and miners, improve the quality of the produce and encourage the production of higher-value consumables.