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The
total commitment made by lenders and donor agencies
to Sri Lanka during the first five months of this year
had amounted to US$ 1.04 billion, of which project loans
accounted for US$ 959 million and the balance $ 90 million
as grants.
The Finance Ministry revealed that the Government of
Iran committed US$ 450 million for Uma Oya Multipurpose
Development Project. This project will provide 100-
150MW of hydro power and irrigate around 4000-5000 hectares
of dry lands and facilitate providing drinking water
to Monaragala and Hambantota Districts.
Government of Denmark committed US$ 155 million for
Kelani Right Bank Water Treatment Plant Project and
Oluvil Port Development Project. Kelani Right Bank Water
Treatment Project will improve the water supply around
350,000 people who are presently experience an unsatisfactory
supply and provide new water supply connections around
100,000 people.
Danish assistance will be utilised to construct Oluvil
Port as a transport and fishery harbour and thereby
promoting the development in the Eastern region.
Government
of India committed US $ 109 million. Of which US$ 100
million is to finance imports from India and US$ 8.5
million for the construction of a district hospital
in Dickoya, Hatton consisting of 150 beds. The balance
US $ 0.5 million is for the improvement of facilities
at Rural Vocational Training Centre at Nagawillu, Puttalam.
The supplementary funds amounting to US$ 90 million
was committed by the Asian Development Bank for the
Southern Expressway Development Project will be utilised
to expand the initial two-lane highway to four-lane
and provide access road to Galle, as well as to finance
the cost overrun in the two-lane highway.
The World Bank provided US$ 42 million for Renewable
Energy for Rural Economic Development Project and US$
1.4 million for Avian Influenza Preparedness and Response
Project.
The
Finance Ministry also said the total Committed Un-disbursed
Balance of foreign financing available for government’s
development program as at end of May 2008 was US$ 5.5
billion.
“The project implementation duration for these
commitments will be in the range of 2 -5 years and hence
the utilization will be on that basis,” it said.
Table 3 indicates the sectorwise classification of the
committed and un-disbursed balance.
The total foreign fund disbursement up to end of May
2008 was US$ 368 million. Of the total disbursement,
project loans accounted for US$ 335 million and grants
US$ 33 million.
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