The Asian Development Bank on Wednesday approved US$ 80 mn to rehabilitate conflict areas – a first such loan since the Tokyo aid parley last year.
The Manila based bank will part fund a rehabilitation project in some of the worst affected areas and neighbouring towns, despite peace on the ground reaching a stalemate.rn
rnThe part Treasury funded US$107 mn project will rehabilitate the road network, power and water supply as well as re-settling those displaced by conflict, ADB Country Director, John Cooney said Wednesday.rn
rnThe Conflict Areas Affected Rehabilitation Project (CAARP) will cover Jaffna, Mannar, Mullaitivu, Kilinochchi, Vavuniya, Trincomalee, Batticaloa and Ampara.rn
rnIn addition to re-building 500 km of major roads, it will also include preparing a project plan to provide the Jaffna peninsula with a reliable water supply.rn
rnldblquote There are some 2 million conflict affected people in the North and East with conflict related poverty ranging up to 79 percent in some areas