ADB to provide financial assistance in Northern road development

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ADB to provide financial assistance in Northern road development

The Asian Development Bank (ADB) will provide US $ 154.4 million (Rs 17.8 billion) to implement the Northern Road Connectivity Project. The total investment cost of this project is US$ 173 million of which the Government contribution is US $ 18.6 million equivalent.
The project's main objective is to improve road connectivity within the Northern Province and between the Northern Province and the Southern region.
The activities covered under this project are; rehabilitation and improvement of about 170 km of National Highways comprising 108 km in Northern Province and 62 km in North Central Province; rehabilitation of about 140 km of provincial roads with rehabilitation or replacement of selected bridges in Northern Province and rehabilitation and improvement of the office of Northern Provincial Road Development Department.
The Loan Agreement for the project was signed at the Finance and Planning Ministry Friday( Aug 28). Finance and Planning Ministry Secretary Dr. P.B. Jayasundera signed the agreement on behalf of the Government and ADB Country Director Dr Richard Vokes signed on behalf of the ADB.
Two Project Agreements in relation to the implementation of the project were also entered into between the ADB and the Road Development Authority and Northern Provincial Council.