Free Sinhala Mp3 Download
 
Navigation
ljz_home.gif Home

ljz_disc.gif Discussions
tree-L.gif Forums
ljz_newz.gif News
tree-T.gif Topics
tree-T.gif Stories Archive
tree-T.gif Authors and Articles
tree-L.gif Submit News
ljz_music.gif Music Zone
tree-T.gif Sinhala Songs
tree-T.gif English Songs
tree-T.gif Sinhala Video Songs
tree-T.gif English Video Songs
tree-T.gif Sinhala Remixes
tree-T.gif English Remixes
tree-L.gif Sinhala Old HitzNew content !
ljz_media.gif Online Media
tree-T.gif Tv Zone
tree-T.gif Video Zone
tree-L.gif ICC World CupNew content !
ljz_freegamez.gif Online Games
tree-T.gif Arcade
tree-L.gif Highscores
ljz_memberz.gif Members
tree-T.gif Private Messages
Access restricted to our members Picture gallery
Access restricted to our members Members List
tree-L.gif Your Account
ljz_info.gif Info
tree-T.gif Feedback
tree-T.gif Recommend Us
tree-T.gif Search
tree-T.gif Journal
tree-T.gif Feeds
tree-T.gif Sitemap
tree-L.gif Top 10
Shout Box

Only registered users can shout. Please login or create an account.
ADB grants $154.4 million to develop roads in Northern Sri Lanka 
Business News

Jun 18, Colombo: The Asian Development Band (ADB) today approved $154.4 million in funds for the Northern Road Connectivity Project in Sri Lanka to rebuild the roads in the conflict-affected northern region.

The financial assistance to rehabilitate the road network is aimed to spur the economic growth in the war-devastated region as a measure to restore the livelihoods of the people and bring normalcy to the region.

The ADB Board of Directors today approved the loan from ADB's ordinary capital resources and concessionary Asian Development Fund. It will also provide a technical assistance grant of $500,000 to support agencies that manage and maintain the roads.
 
The road network in the region had been severely damaged due to the long-running war and neglect hampering the transportation of goods to markets outside the region and isolating the region from the more prosperous South.
 
An ADB press statement said the project will carry out civil works on 140 kilometers of provincial roads in Mannar and Vavuniya districts, including those linking settlements to markets, as well as major feeder roads connecting towns and villages. Another 170 kilometers of national roads will be rehabilitated, helping link the north to city centers in the south. The improved surfacing and widening will help cut travel time and costs, revitalizing travel between the north and south, the release added.
 
The project due to be completed in 2015, will facilitate access to essential social services, help resume livelihood activities, and revitalize transport of goods and peoples between the country's northern and southern regions, Dong-Kyu Lee, Transport Specialist in ADB's South Asia Department said.
 
Sri Lankan government is to provide assistance of $18.6 million, for a total project cost of $173 million.
 
The grant of $500,000 from ADB's Technical Assistance Special Fund will be used to strengthen the capacity of the Northern Provincial Council-Northern Provincial Road Development Department to manage and maintain the road network. Additional technical assistance support of $60,000 equivalent will come from the two provincial agencies.
 
Source: Colombo Page
Posted on Friday, June 18, 2010 @ 20:41:03 MDT by max

Printer Friendly Save as PDF RSS Feed
· Stories Archive
· More about Business News
· News by max

Most read story about Business News:
Restaurants crowned


Article Rating
Average Score: 0  Votes: 0 
Please take a second and vote for this article:
Excellent  Very Good  Good  Regular  Bad 
Associated TopicsBusiness News
ADB grants $154.4 million to develop roads in Northern Sri Lanka | Login/Create an Account | 0 comments
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register


 

:: fisubice phpbb2 style by Daz :: PHP-Nuke theme by www.nukemods.com ::
:: fisubice Theme Recoded To 100% W3C CSS & HTML 4.01 Transitional & XHTML 1.0 Transitional Compliance by RavenNuke™ TEAM ::

:: W3C CSS Compliance Validation :: W3C HTML 4.01 Transitional Compliance Validation :: W3C XHTML 1.0 Transitional Compliance Validation ::


House for Sale Sri Lanka