Monday October 22, 2018
sub

ADB technical aid to make Sri Lankan cities more liveable

Sep 19, 2018 17:03 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT- The Asian Development Bank (ADB) will give a 10 million dollar technical assistance loan for a facility to improve the design and implementation of urban projects in Sri Lanka to make cities more liveable, a statement said.
“Urban projects are complex and require meticulous and significant preparation time to ensure they deliver their intended development impacts,” Senior Urban Development Specialist Ron Slangen said. 
“The ADB-supported facility will ensure urban projects rolled out in the country are impactful, sustainable, and beneficial to the people of Sri Lanka.”
The ADB said the facility will help projects through advanced feasibility studies and detailed designs incorporating climate resilience and gender inclusivity to make 29 cities more liveable.
The facility will help in preparation of bidding documents for advanced contracts, and safeguard documents in resulting projects, the ADB said.
It said a million dollar technical assistance for capacity building for secondary towns and strategic cities is attached to the facility to grow the institutional capacity of project agencies to design and manage urban infrastructure projects, and apply best practices in urban governance improvements.
The ADB said that urban infrastructure service delivery needs improvement as more than 20 percent of the country’s population lives in cities and contribute 40 percent to the country’s gross domestic product.
“Based on ADB’s experience in Sri Lanka, there is a need to strengthen long-term strategic investment planning and engineering capacity in urban departments to meet the increasing challenges of urbanization,” it said.
“These factors have posed issues to Sri Lanka’s development as they limit the number of readily available investment-grade projects, result in implementation delays, and ultimately affect the timely delivery of benefits to the people.” (Colombo/Sept19/2018)
 


 

Name *
Email *
Designation
Company
Telephone Number