Annual Report 2008 - Ministry of Finance and Planning

5. Foreign Financing of the Budget
215
Administrative Complex in Hambantota
Box 5.3
Development Assistance from Bilateral Eastern Countries Contd.
The objective of the project is to construct a four storied
Administrative Complex in Hambantota to provide
office space for most of the Central, Provincial and Local
Government institutions which are presently located in
private buildings as the tsunami tidal waves destroyed a
large number of Government buildings. Main activities of
the project are to construct main building, accommodation
units, library building and local authority building. The total
cost of the project is US$ 25mn of which US$ 20 million will
be provided by the Government of Korea as a soft loan and
the balance of US$ 5 mn is provided by the Government
of Sri Lanka. The project is expected to be completed in
October, 2009.
Improvement of Padeniya-Anuradhapura Road
The objective of the project is to improve the existing
Padeniya Anuradhapura road to provide high mobility
road from Padeniya to Anuradhapura. The project includes
widening and improvement of 80.8 km long Padeniya
Anuradhapura road with 2 lane facility and 4 lane facilities
at town section. The total cost of the project is US$ 70mn of
which the Government of Korea will provide US$ 55 million
on concessional terms.
The implementation of this project will shorten the travel
time, reduce the vehicle operating costs and decrease
the traffic accidents and thereby improve the quality of
public transportation services between Padeniya and
Anuradapura.
The improvement will also contribute to the tourism
development plan of the Northern part of Sri Lanka,
especially world heritage sites of Anuradhapura, Kandy and
Polonnaruwa which form the cultural triangle.
US$ 100 mn Indian line of Credit for the Reconstruction
of the Southern Railway
The Government of India has agreed to provide assistance
for implementation of the Upgrading of Southern Railway
Line from Colombo – Matara under the funds pledged for
Tsunami recovery activities. The total cost of the project is
estimated at US$ 212.4 million of which US$ 167.4 million
is expected from foreign sources and the balance US$ 45
million will be financed by the Government of Sri Lanka.
The project will upgrade the track from Colombo to Matara
to the standard allowing a maximum speed of 100 km/ph. It
will increase the average operating speed from 40 km/ph at
present to 80 km/ph allowing a passenger express train to
cover the Colombo – Galle distance approximately within 2
hours. Further, 20 Diesel Multiple Units (DMU’s) and 3 units
of locomotives will be purchased under the project.
Ministry of Finance and Planning Sri Lanka
Annual Report 2008