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LOANS & CREDITS May 18, 2020

Sri Lanka- Kandy Multimodal Transport Terminal Development Project

WASHINGTON, May 18, 2020 – The World Bank Board of Executive Directors today approved financing for the following project:

Sri Lanka- Kandy Multimodal Transport Terminal Development Project

IDA loan: $69.33 million

IDA concessional credit: $64.33 million   Terms: Maturity= 30 years; Grace period= 5 years

IDA non-concessional credit: $5 million  Terms: Maturity= 10 years; Grace period= 5 years

Project ID: P172342

Project Description: The project aims to enhance accessibility, efficiency, and safety for public transport users of the Kandy Multimodal Transport Terminal (KMTT), through the

  • development of Kandy Multimodal Transport Terminal; 
  • urban integration and road safety improvements around KMTT (technical assistance); 
  • institutional strengthening and capacity building

Contacts

Colombo
Dilinika Peiris
+94 (011) 5561347
dpeiris@worldbank.org
Washington
Elena Karaban
+1 (202) 473-9277
ekaraban@worldbank.org
Api
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