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- Southern Province Rural Economic Advancement Project
Southern Province Rural Economic Advancement Project
Sri Lanka
| Borrower | Sri Lanka |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Agriculture |
| Approved | 06.11.2001 |
| Signed | 26.02.2002 |
| Status | Completed |
| Loan Administrator | ADB |
| Executing Agency | The Ministry of Plan Implementation |
| Co-financiers | ADB, Government, Beneficiaries, PFIs |
| OPEC Fund Contribution (US$m) | 5.00 |
| Total Project Cost (US$m) | 41.74 |
The project will assist micro and medium enterprises, particularly those relating to agricultural activities. Over 8,000 small businesses will be eligible to receive lines of credit, and enterprise development services will help entrepreneurs develop their businesses.
Over 1,000-km of roads that provide important transport links to marketplaces and social services will be rehabilitated. Some 92 rural markets will be upgraded, and surrounding access roads built/repaired. In addition, the institutional capacity of the Province's public sector entities will be strengthened. Once completed, an estimated 300,000 new employment opportunities will be created, making a significant impact on household incomes.