WASHINGTON, March 27, 2008 - The following project was approved today by the World Bank’s Board of Executive Directors:
IDA Credit: US$65.33 million
TERMS: Maturity= 20 years Grace= 10 years
PROJECT DESCRIPTION: The project will support the Government of Sri Lanka’s efforts to ensure public safety in relation to risks associated with ageing dams. The project aims to improve the operational efficiency of 80 dams and to establish sustainable institutional arrangements for safety management, operations and maintenance of major dams in the country. Special attention will be paid to the safety of 32 of the 80 dams that have been categorized as high risk.
For more information please call Erik Nora at (202) 458-4735 or e-mail enora@worldbank.org.
For more information about World Bank activities in Sri Lanka, visit http://www.worldbank.lk/
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