Colombo Suburban Railway Efficiency Improvement Project (ADB-49111-005)

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
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.
Borrower
Government of Sri Lanka
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 159.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 158.00 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 Nov 26, 2018

Disclosed by Bank Sep 25, 2018


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Project Description

According to the ADB website, "The Colombo Suburban Railway Efficiency Improvement Project (CSREIP) is the first intervention of ADB in the railway sector in Sri Lanka. The project will support immediate improvements in the operation, maintenance, safety, skills development, and project preparation of Sri Lanka Railways by (i) improving the efficiency of railway operations and addressing key bottlenecks in the railway network through the modernization of the telecommunication system, ticketing and seat reservation system, and operations headquarter and train control center; (ii) upgrading the railway workshop at Ratmalana; (iii) improving railway safety primarily through the construction of housing blocks to support the future resettlement of encroachers, and upgrade a railway underpass; (iv) upgrading the Sri Lankan- German Railway Technical Training Center; and (v) supporting the implementation of CSREIP and the preparation of pipeline projects."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Georget, Johan
Responsible ADB Department South Asia Department

Executing Agencies
Ministry of Transport and Civil Aviation
7th Floor, Sethsiripaya, Stage II, Battaramulla, Sri Lanka

Sri Lanka Railways
Sri Lankan Railways, Colombo 10, Sri Lanka

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