Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20140457
    Release date: 25 January 2016

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    As part of the Greater Colombo Water and Wastewater Management Improvement Investment Program initiated by the Asian Development Bank (ADB), this project will support the improvement of wastewater collection and treatment facilities of Colombo's south catchment area. The project will improve resilience to intense storms and also result in reduced emissions.

    Objectives

    Expanding coverage and efficacy of sanitation services will reduce pollution in the city, its watercourses and the sea, therefore having a positive impact on health and livelihoods. The project thus contributes to UN sustainable development goal (SDG) 6 (clean water and sanitation) and is eligible under the External Mandate for EIB activity in Asia and Latin America, in particular regarding social infrastructure and environment (sanitation).

    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 156 million

    Environmental aspects

    The project will generally benefit the environment and public health by improving and extending sewage collection and treatment before discharging into the sea. The ADB is in the process of carrying out initial environmental examinations (IEEs) for all components, which will also include contractor environmental management plans. At this stage no environmental impact assessment (EIA) is expected to be required for components included in this project. Two project components are expected to require resettlement and another the re-possession of land owned by Colombo Municipal Council currently used by a school as sports grounds. Resettlement plans are being prepared in line with national legislation and ADB's Safeguard Policy Statement, which are acceptable to the EIB.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 20/01/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Sri Lanka Water, sewerage