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

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
  • 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, etc.
Investment Amount (USD)
$ 494.00 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 Aug 11, 2017

Disclosed by Bank Sep 27, 2016


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Project 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
  • Asian Development Bank (ADB)
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
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