ThernrnAsian Development Bank on Thursday approved a rnUS$ 80 million loan package to improve daily living conditions in the North and rnEast of Sri Lanka.
The project will focus its activities on the most-severely conflict-affected districts: Jaffna, Mannar, Kilinochchi, Mullaittivu, Vavuniya, Trincomalee, Batticaloa, and Ampara, where essential infrastructure will be rehabilitated along with restoring community livelihoods.rn
rnrnAsian Development Fund (ADF) and $30 million from its ordinary capital rnresources (OCR). rn
rnThe ADF loan has a 40-year term, including a grace period of 10 years with an interest rate of 1% per annum, and 1.5% per annum thereafter.rn
rnThe OCR loan has a 32-year term, including a grace period of eight years. rn