Tourism for Heritage, Resilience, Inclusion, and Value-driven Employment Project (THRIVE) Colombo (WB-P511828)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Specific Location
Colombo (Western Province)
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
  • 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 18, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Sri Lanka - Ministry of Foreign Affairs, Foreign Employment and Tourism; and other
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 77.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 97.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 6, 2026

Disclosed by Bank Oct 24, 2025


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the objective of this project is to strengthen Colombo’s tourism sector and enhance the sustainable use of heritage and natural assets.

The program focuses on diversifying tourism offerings to generate quality jobs and increase the tourism revenues retained within the country, while safeguarding Sri Lanka's valuable natural and cultural heritage. The operation will focus on transforming tourism in the cultural-heritage and nature-based tourism segments while primarily targeting the Western Province. The approaches will include investments to enhance high-quality nature and cultural experiences while unlocking access to underutilized tourism assets, development of a skilled workforce to support job creation, promotion of sustainable partnerships with the private sector and improved institutional capacity and coordination.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Given the planned construction, rehabilitation and operation of tourism infrastructure activities coupled with the sensitive environmental context & heritage sensitive sites of the project area and absence of experience in handling World Bank projects as per ESF, the environmental risk is rated “High”. Key potential environmental risks are associated with development of new and existing infrastructure for eco-tourism, such as visitor information centers, trails, and boat rides, which could lead to risks such as habitat disturbance, pollution, fragmentation of habitats in the Colombo Wetland circuit (an accredited Ramsar city), Negombo Lagoon, and Muthurajawela Wetlands (a designated protected Sanctuary). The project’s focus on wreck diving also presents risks to historic wreck ships and marine ecosystems, including potential damage to sensitive benthic habitats, cultural heritage and pollution from dive vessels. Increased tourism during operational phase can lead to increased solid waste and waste water generation, noise and light pollution which can impact both terrestrial and aquatic environments. Rehabilitation of heritage sites could impact physical cultural resources if not properly managed. The magnitude of these risks is potentially significant, if mitigation measures are not effectively implemented.

The social risk is rated “Substantial”. The social risk is rated “Substantial”. Key potential social risks and impacts include potential land acquisition, or temporary restrictions on access to sources of livelihoods (especially for vulnerable groups like fisher people in the Muthurajawela wetlands and street vendors in the Fort Colombo and Galle Face Green area), potential impacts on cultural heritage in areas such as Fort Colombo, labor influx and associated social issues (community relations, SEA/SH), and possibility of differentiated impacts on specific vulnerable groups, such as fisher folk and women.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project Cost: US$ 97.00 million
IDA Credit: US$ 77.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CONTACT POINT - World Bank

Task Team Leader: Amila Indeewari Dahanayake
Title: Economist
Email: adahanayake@worldbank.org

TTL Contact: Gayatri Singh
Job Title: Lead Urban Specialist
Email: gsingh9@worldbank.org

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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How it works