Trincomalee Integrated Urban Development Project (ADB-44309-013)

Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
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
U
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.
Sectors
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 85.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 5, 2017

Disclosed by Bank Mar 30, 2016


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Project Description
DESCRIPTION The proposed project will support the economic development of Trincomalee and the eastern region of Sri Lanka by fostering economic activities and improving urban services in Trincomalee. It comprises (i) physical investments to improve urban services in Trincomalee town; (ii) non-physical investments to develop a Master Plan for the region and more specifically for the special economic zone (SEZ) to promote private investment and business; and (iii) non-physical investments to support project implementation and capacity development of urban institutions. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY The Trincomalee Integrated Urban Development Project (TIUDP), in line with ADB's water and urban operational plans, will (a) improve urban services in Trincomalee town through investments and institutional strengthening; and (b) boost economic development through integrated planning, institutional support and strategic investments in economic infrastructure with wider economic benefits for the future Trincomalee Metropolitan Urban Development Area (TMUDA). The project will facilitate the TMUDA to become a hub of the North Central Metropolitan Region in line with government's vision for the Eastern Province. IMPACT Improved competitiveness of the TMUDA. OUTCOME Improved access to urban services and enabling environment for economic insfrastructure in the TMUDA. CONSULTING SERVICES All procurement under the project shall be carried out using ADB's Procurement and Consulting Guidelines 2013, as amended from time to time. Advance contracting and retroactive financing options will be used and the requirement of various consulting packages subject to advance action and retroactive financing shall be carefully reviewed during processsing. PROCUREMENT All procurement under the project shall be carried out using ADB's Procurement and Consulting Guidelines 2013, as amended from time to time. Advance contracting and retroactive financing options will be used and the requirement of various procurement packages subject to advance action and retroactive financing shall be carefully reviewed during processsing. Procurement packaging shall be carried out keeping in mind the scope, nature, market conditions, location of the project and with due consideration to the economy and efficiency of the bidding process.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main