Sri Lanka: Cofinancing

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in financing ADB projects. The additional funds are provided in the form of official loans and grants, technical assistance, other concessional cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

From 1970 to the end of 2015, cumulative direct value-added (DVA) official cofinancing for Sri Lanka amounted to $1.1 billion for 38 investment projects, and $15.9 million for 33 technical assistance projects. Cumulative DVA commercial cofinancing for Sri Lanka amounted to $795.8 million for three investment projects.

In 2015, Sri Lanka received $50 million in loan cofinancing from the European Investment Bank for the third tranche of the Greater Colombo Water and Wastewater Management Improvement Investment Program.

Sri Lanka: Projects Cofinanced, 1 January 2011–31 December 2015

Cofinancing No. of Projects Amount ($ million)
Projectsa 11 1,063.94
 Grants 2 3.50
 Official loans 6 384.00
 Commercial cofinancing 3 676.44
Technical Assistance Grants 3 2.55

a A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for Sri Lanka, 1 January 2011–31 December 2015

Project ADB Amounta ($ million) Cofinancing Amount ($ million) Type of Cofinancingb
Clean Energy and Network Efficiency Improvement 130.00 1.50 G
Education Sector Development Program 200.00 100.00 O
Greater Colombo Water and Wastewater Management Improvement Investment Program – Tranche 2 88.00 70.00 O
Greater Colombo Water and Wastewater Management Improvement Investment Program – Tranche 3 128.00 50.00 O
Green Power Development and Energy Efficiency Improvement Investment Program – Tranche 1 150.00 30.00 O
Improving Community-Based Rural Water Supply and Sanitation in Post-Conflict Areas of Jaffna and Kilinochchi -- 2.00 G
National Highways Sector 235.00 8.00 O
Proposed Senior Loan Facility to Hatton National Bank 75.00 36.77 C
Proposed Senior Loans to LOLC Finance and LOLC Micro Credit 30.00 45.00 C
Skills Sector Enhancement Program 100.00 126.00 O
Trade Finance Program 535.68 594.67 C

-- = nil.
a Loan, grant or blend.
b C = commercial cofinancing, G = grant cofinancing, O = official cofinancing.