The ADB is to help package road development into a shelf of projects complete with backward clearances in place, making it easier for investors to step in.
A US$ 15 mn Asian Development Bank technical assistance grant is in the works to change over from ad-hoc development to a more planned project lending process.
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rnldblquote What we need first is to have an investment plan endash what the countrys road transport system needs to look like. We are lquote over-roaded but the roads go nowhere
dblquote , ADB Country Director for Sri Lanka, John Cooney said.
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rnldblquote Next, the US$ 15 mn technical assistance project will pick out the core elements in this master plan and settle issues like involuntary re-settlement, procurement and environmental clearances dblquote .rn
rnWith the back-end paperwork in place before investment loans come in, investors are offered a shelf of clean projects that the government is ready to go ahead with.rn
rnSector lending will then back up the facility, to fu