Expressway Connectivity Investment Program - Facility (ADB-46374-002)

Countries
  • Sri Lanka
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Sectors
  • Transport
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 494.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 26, 2020

Disclosed by Bank Sep 27, 2016


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

DESCRIPTION

The proposed investment program will improve the efficiency of road network in the south region of Sri Lanka to handle the fast growing travel demand incurred by the economic and social activities. In order to address the bottlenecks of national road network in Southern and Westen Provinces, the investment program will (i) rehabilitate about 35 kilometers of national highways providing access to the southern expressway, (ii) extend the southern expressway by constructing about 40 kilometers of elevated expressway towards the origins and destinations of traffic in Western Province, and (iii) improve the efficiency of the Ministry of Ports and Highways to operate the expressway network and the associated facilities. The proposed investment program, together with the earlier Southern Transport Development Project will lay the foundations for modernizing the country's transport sector.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

The development and operation of Southern Expressway is re-defining the profile of Sri Lanka's road transport. Prior to the era of Southern Expressway, the road transport is characterized by low capacity road network, poor road conditions, and slow traffic speeds. With the opening of Southern Expressway, the government is on the way to establish a trunk road network comprising well-connected expressways and national roads, which can adequately support the movement of people and goods for economic development. Despite the success of Southern Expressway, its envisaged benefirs have not been reached optimally due to (i) the relatively long distance to Colombo City, with is the main passenger and freight traffic origin and destination, (ii) the poor condition of feeder roads, and (iii) the limited capacity of expressway operation.

The investment program is in line with the government's sector objective: establishing a modern transport system that will enable acceleration of economic growth, with reduced travel time, cost, and improved safety. As agreed between the government and ADB in ADB's country partnership strategy 2012-2016, ADB will contribute to the sector outcome of improved nationawide connectivity for the movement of people and goods. The proposed investment program is originally included in the country operations business plan, 2012-2014, as Transport Sector Development Facility.

IMPACT

Efficient road transport in south region

OUTCOME

High capacity road network developed along the traffic corridor in south region.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

MFF Facility Concept: Expressway Connectivity Investment Program - Facility
Ordinary capital resources US$ 494.00 million

Concessional ordinary capital resources / Asian Development Fund US$ 6.00 million

To be determined US$ 150.00 million

TA: Capacity Development for Expressway
Technical Assistance Special Fund US$ 1.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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

CONTACTS

Responsible ADB Officer Nakai, Kanzo
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies
Ministry of Higher Education and Highways
8th Floor, Denzil Kobbekaduwa Mawatha,
Koswata,
Battaramulla, Sri Lanka

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