Railway Master Plan (ADB-51108-001)

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
Approved
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.
Voting Date
Sep 19, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
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)
Fund
The categories of the bank investment: loan, grant, etc.
Grant Amount (USD)
$ 1.50 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)
$ 1.50 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 Oct 26, 2017

Disclosed by Bank Sep 20, 2017


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Project Description
The proposed technical assistance will prepare a strategy for the strategic development of the railway transport sector and the multimodal integration of railway transport with other modes of transport. Institutional reforms to improve efficiency within the sector will be studied and recommendations for improvements provided. The proposed technical assistance is in line with the government's priority investment areas for projects and programs identified under the draft CPS for Sri Lanka, i.e., to upgrade and expand infrastructure by supporting strategic investments and policy reforms in key sectors such as transport, energy, and urban development. It will establish a strategy for the development of the railway sector and its integration into a multimodal transport system in Sri Lanka complementing road, air and sea transport: it will also develop a pipeline prioritizing strategic interventions in the railway sector for infrastructure development and capacity building. The proposed TA is ADB's first sector-wide intervention in the Sri Lanka rail transport sector and will pave the way for a coordinated approach into sector development by ADB and development partners. This will supplement prior and ongoing investments in the road sector in rural roads, national roads and expressways as well as investments in the maritime sector, i.e., in the Colombo Port Project. The proposed TA is timely, as ADB is in parallel supporting the preparation of the National Port Master Plan for Sri Lanka and the upgrade of the Road Sector Master Plan. The impact of the proposed TA will be mobility through a safe and affordable integrated public land transport system with wide multimodal mix and technological innovation provided. The outcome of the proposed TA will be a strategy for the development of the railway sector established. The main output of the TA will be the Railway Master Plan prepared.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Ministry of Transport and Civil Aviation 7th Floor, Sethsiripaya, Stage II, Battaramulla, 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