Northern Province Sustainable Fisheries Development Project (ADB-49325-002)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Specific Location
Coastal districts of Jaffna, Mannar, Mullaitivu, and Killinochchi
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Democratic Socialist Republic of Sri Lanka
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Infrastructure
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)
$ 174.00 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)
$ 174.00 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 @ ADB website

Updated in EWS Aug 8, 2017

Disclosed by Bank Sep 23, 2016


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Project Description

The Northern Province Sustainable Fisheries Development Project will support investments to revive the fisheries sector in the conflict-affected coastal districts of Jaffna, Mannar, Mullaitivu, and Killinochchi. Investments are required to:

(i) rebuild large-scale infrastructures, such as harbors, anchorages, and associated facilities,

(ii) introduce new fishery technologies,

(iii) expand aquaculture sustainably

(iv) strengthen community-based organizations and related institutions, and

(v) develop economic activities for households headed by women, war widows, and single women.

The project's impacts are aligned to improve: (i) the nutritional status and food security, and (ii) incomes of fisher communities.

The outcome will be fisheries production in the Northern Province sustainably increased. The proposed outputs will be:

(i) climate resilient infrastructure developed and operational;

(ii) aquaculture developed;

(iii) entrepreneurial skills, market links and credit access for local communities including women are strengthened; and (iv) management of coastal and fishery resources improved.

 

Investment Description
  • Asian Development Bank (ADB)

Loan: Northern Province Sustainable Fisheries Development Project

Concessional ordinary capital resources lending / Asian Development Fund  US$ 63.00 million

Ordinary capital resources US$ 111.00 million

Contact Information

Responsible ADB Officer Amerasinghe, Nishanthi Manjula
Responsible ADB Department South Asia Department
Responsible ADB Division Sri Lanka Resident Mission

Executing Agencies

Ministry of Fisheries and Aquatic Resources Development and Rural Economic Affairs
New Secretariat, Maligawatta
Colombo 10, Sri Lanka

Ministry of Prison Reforms, Rehabilitation, Resettlement, and Hindu Religious Affairs
#146, Galle Road, Colombo-03
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