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Sri Lanka Secures USD 90 Million ADB Loan to Upgrade Rural Road Network

The Government of Sri Lanka has finalized a USD 90 million loan agreement with the Asian Development Bank (ADB) under the Second Integrated Road Investment Program (iRoad 2) – Tranche 5.

According to the Ministry of Finance, Planning and Economic Development, the initiative aims to improve road transport efficiency by enhancing connectivity between rural communities and key socioeconomic centers, while also strengthening the institutional capacity of national road agencies.

The ADB loan will fund the upgrading of approximately 500 kilometers of rural access roads to all-weather, climate-resilient standards designed to be inclusive for the elderly, women, children, and persons with disabilities. Additionally, the program includes the rehabilitation of about 21 kilometers of national roads and maintenance of 100 kilometers of rural access roads.

The Ministry of Transport, Highways and Urban Development serves as the Executing Agency, with the Road Development Authority (RDA) as the Implementing Agency.

The loan agreement was signed on October 31, 2025, at the General Treasury in Colombo by Dr. Harshana Suriyapperuma, Secretary to the Ministry of Finance, on behalf of the Sri Lankan government, and Takafumi Kadono, Country Director of the ADB Sri Lanka Resident Mission, on behalf of the Asian Development Bank.

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