Sri Lanka raises US$2.1bn to rebuild north

June 07, 2011 (LBO) – Sri Lanka has raised 2.1 billion US dollars to rebuild roads, rail, power, hostpital, water supply and help resettle refugees in the war torn Jaffna region in 2010, a finance ministry report said. These funding programmes have helped to resettle internally displaced people within a short period of time and restabilise civil administration and public infrastructure by replacing damaged roads, schools, hospitals and administrative buildings,” the finance ministry said.

“These projects would help to meet the basic, immediate needs and the medium term requirements of the people in the North.

“These will also create sustainable employment opportunities for the affected people in their
respective areas.”

A 30-year war ended 2009 and the finance ministry has scrambled to raise finance and start rebuilding activities quickly.

China was lending 423 million US dollars to rebuild key roads including a 153 kilometre stretch on the main A09 highway to the north.

The Asian Development Bank and France’s AFD was financing a 135 million dollar water supply and sanitation project in the former Tiger stronghold of Kilinochchi. ADB was giving another 154 million for roads.

India was