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Sri Lanka Capital In Line for 24/7 Water Supplies With ADB Loan

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Oct. 2 (Bloomberg) -- Sri Lanka’s capital and bordering areas are in line for an $88 million loan from the Asian Development Bank to boost water supplies to 24 hours.

The Asian Development Bank said the water-system upgrades would bring seven-day around-the-clock water to the Colombo region from six to 10 hours in some areas. Sri Lanka’s largest city has about 1.3 million inhabitants in the metropolitan area as rural migration has increased in recent years.

“Though 95 percent of Colombo is covered by a piped water supply system, the distribution network was built more than 100 years ago,” Rita O’Sullivan, ADB country director for Sri Lanka, said in a Sept. 30 statement. “It no longer fully meets today’s needs.”

The ADB is funding $300 million or 20 percent of the $1.5 billion investment plan for water and sanitation in the greater Colombo area. A first loan of $84 million was made in 2012, this $88 million for water-supply modernization works is the second, with loans for the third and fourth wastewater phases expected in 2015 and 2016, the development bank said.

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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