Sri Lanka: Reduction of Landslide Vulnerability by Mitigation Measures (RLVMM) Project (AIIB-000124)

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
Approved
Bank Risk Rating
B
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
Jan 29, 2019
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
Government of Sri Lanka
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 80.00 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)
$ 110.00 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 May 18, 2020


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Project Description

According to bank documents, the project's objective is "to reduce risk and damage from landslides through the implementation of mitigation measures and enhancement of policy and regulation associated with landslide management."

The project has three main components:
- Implementation of mitigation measures, including civil works and associated designs and construction
supervision/management;
- Enhancement of policy, standards and institutional capacity;
- Provision of essential facilities and laboratory equipment.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
Government of Sri Lanka US$ 30 million

Contact Information

AIIB
Anzheng Wei, Investment Officer
awei@aiib.org

Borrower
Madara Sevwandi De Silva, Director
External Resources Department
Ministry of National Policies and Economic Affairs
The Democratic Socialist Republic of Sri Lanka
Madara@erd.gov.lk

Implementation Agency
Asiri Karunawardena
Director General, National Building Research Organization
asiri13@hotmail.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. 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.