September 22, 2011
Mr. Akira Shimura, Chief Representative, Japan International Cooperation Agency (JICA) and Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning on behalf of the Government of Sri Lanka (GoSL) signed the Loan Agreement on Thursday at the Ministry of Finance and Planning to rehabilitate the damages to Road and Irrigation Infrastructure due to raging flood in the beginning of this year.
An Official Development Assistance (ODA) to the Government of Sri Lanka (GoSL) amounting Yen 7,000 million (approximately Rs.9 billion) will be financed to restore social & economic activities and prevent further damages in the flood stricken areas in the Central, North Central, and Eastern Provinces by rehabilitating the Damaged Roads and Irrigation Schemes, thereby contributing to prompt restoration of safe and sustainable living environment in the affected areas. The Loan is offered on the concessionary terms and administrated by the Japan International Cooperation Agency (JICA).
The GoSL requested emergency financial assistance from the Government of Japan in May 2011 for rehabilitation of the damaged Roads and Irrigation Infrastructure. The Government of Japan expedited the loan procedure due to the urgency of the request from the GOSL as well as the close friendship between the two countries.
Mr. Shimura stated that the implementation of the project will improve the mobility of the people easing their economic activities as the project cover the rehabilitation of rural, provincial and national roads and farmers will be able to cultivate more lands after reinstatement of the irrigation infrastructure in the above areas. This emergency assistance will safeguard the people from the further disasters. In addition to this post-disaster assistance, JICA has been extending its assistance to strengthen the capacity development of the Disaster Management Centre (DMC), the Department of Meteorology (DOM), National Building Research Organization (NBRO), and Department of Irrigation (DOI) through its technical assistance with the objective of enabling these institutions to cope with pre-disaster measures in a proactive manner, he further said.
In the Implementation of the project, the Ministry of Finance and Planning will be the Executing Agency. The Road Development Authority (RDA) under the Ministry of Highways, the Department of Irrigation under the Ministry of Irrigation and Water Resources Management, and the Provincial Road Development Department (PRDD)/Provincial Road Development Authority (PRDA)/Provincial Irrigation Department (PID) under the respective Provincial Governments will be the Implementation Agencies. The full scope of works of the project is planned to complete by September 2014.