Asian Development Bank (ADB) approves US$ 50 million loan to upgrade infrastructure in Sri Lanka’s crowded cities. Asian Development Bank (ADB) approves US$ 50 million loan to upgrade infrastructure in Sri Lanka’s crowded cities. Over US$ 42 million will be made available to local authorities as part grant and part loan, through the Local Loans and Development Fund (LLDF).
The project is expected to ease the pressure on limited infrastructure, in towns that have had to accommodate large scale rural migration.
“A huge influx of mostly poor migrants into the country’s cities and towns has overwhelmed infrastructure systems originally designed for much smaller populations,” said a statement from the ADB.
“More than others, the urban poor suffer from these conditions, resulting in illness caused by water- and vector-borne disease and reduced productivity,” it said.
About 4 million people, from 68 towns outside Colombo, are estimated to benefit from improved living conditions through the project.
The total project is valued at US$ 66.7 million with the government putting in US$ 12 millio