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
