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Sri Lanka’s Capital to Get $300 Million in Water Development Aid

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Oct. 26 (Bloomberg) -- Sri Lanka’s capital is being provided $300 million in Asian Development Bank loans for water and sewage system upgrades as parts of Colombo have a water-supply distribution network that’s more than a century old.

The assistance was approved by ADB’s board to back a $400 million government investment program to improve water and sanitation across metropolitan Colombo, prevent sewer blockages and reduce water leaks and losses, the bank said.

The ADB has extended funds for water supply and sanitation works in Sri Lanka since 1986. This assistance is to fund new sewage connections, construct two wastewater treatment plants and seeks 100 percent sewer network coverage in Colombo by 2020.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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