Sri Lanka: Climate Resilience Improvement Project - Phase II (AIIB-000036)

Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Democratic Socialist Republic of Sri Lanka
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 77.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 155.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 29, 2020


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Project Description

According to AIIB documents, the development objective of the CRIP is to improve resilience to extreme climate events, and to strengthen the Government’s capacity to respond effectively to natural disasters. The Project aims to: (i) reduce the flood risks to the people, personal assets and public infrastructure in the priority river basin(s), Kelani and possibly Mundeni Aru; and (ii) enhance the capacity of the Department of Meteorology (DoM), Irrigation Department (ID), Disaster Management Center (DMC), and the National Building Research Organization (NBRO) to provide effective and efficient forecasting and early warning of hydro-meteorological risks to minimize disaster losses from extreme events in the future.

The Project tentatively consists of the following three components:
Component 1: Flood Risk Mitigation Investments
This component will reduce flood risks for the people, personal assets and public infrastructure in the priority river basin(s), Kelani and possibly Mundeni Aru. The investments include: (i) construction and/or rehabilitation of flood embankments; upgrading of minor flood protection schemes; river regulation works; and river bank protection works; (ii) project preparation for the development of potential storage reservoirs upstream of Kelani river; and (iii) design of an integrated catchment management program.

Component 2: Strengthening of Hydro-meteorological Services, Early Warning and Response Systems
This component will strengthen the quality of weather, climate and hydrological information and services, early warning, and response systems in Sri Lanka to reduce disaster risk for loss of life and property during extreme climate events and satisfy user needs of weather dependent sectors.

Component 3: Project Implementation and Monitoring
This component will ensure the efficient and successful implementation and monitoring of Project activities.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

World Bank US$ 77.5

Contact Information

Asian Infrastructure Investment Bank (AIIB)
Mr. Chuanzhi Su
Project Team Leader/Senior Investment Operations Specialist
Tel: +86 10 8358 0176
E-Mail: csu@aiib.org

Mr. Priyantha Ratnayake
Director General, Department of External Resources, Ministry of National Policies and Economic Affairs
Tel: +94 11 2484 693, +94 11 2434 876 ext 2206
E-Mail: priyantha@erd.gov.lk, dg@erd.gov.lk

Implementation Agency
Mr. Jayantha Wijeratne
Secretary, Ministry of Irrigation and Water Resources Management
Tel: +94 11 2869553 / +94 11 2888902
E-Mail: irrigationwm@gmail.com

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint.  Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply.  You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.