Kandy Multimodal Transport Terminal Development Project (WB-P172342)

Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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.
Voting Date
Mar 26, 2020
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 70.00 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 @ WB website

Updated in EWS Dec 23, 2019

Disclosed by Bank Dec 3, 2019


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Project Description

According to the bank document, the proposed project bjective is "to enhance the accessibility, efficiency, and safety for public transport users through the development of the Kandy Multimodal Transport Terminal and improve its connectivity with surrounding areas." The project components include financing the development of the multimodal-terminal at the existing Good Shed station in Kandy; the further analysis of implementation for the walkability study already carried out under SCDP in the area around KMTT and access to the terminal by different transport modes; set up of the new structure and provide necessary capacity building to all stakeholders involved in the management and operation of the terminal.

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Wei Wang, Senior Transport Specialist

Borrower/Client/Recipient
Democratic Socialist Republic of Sri Lanka

Implementing Agencies
Ministry of UrbanDevelopment, Water Supply and Housing Facilities
Dr. Priyath Bandu Wickrama, Secretary
secudhf@gmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx .