A new program to upgrade the road network in the Eastern, Northern, Uva and a part of Western Province has received the approval of USD 900 Million from the Asian Development Bank’s (ADB) Board of Directors. The program is set to target the roads that were affected by the 26 year civil war and will also centralize on improving the standard of 340 km of national roads in the four provinces.
Considering the lack of improvement to roads in rural areas of the island, the program plots to bring a stretch of 3,400 kilometers (km) of rural access roads to all-weather standard by 2027. With the present-day trunk road network worn out, all weather access will unquestionably uplift business opportunities by providing access to nearby markets. This will also boost the country’s economic growth as 82 percent of Sri Lanka’s population reside in rural areas.
184.6 million dollars out of the total program cost of 1.08 billion dollars will be financed by the government and ADB’s fund will be delivered in five tranches, a regular loan of 90 million dollars and concessional loan of 60 million this year.