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. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, 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 2016, cumulative direct value-added (DVA) official cofinancing for Sri Lanka amounted to $1.11 billion for 40 investment projects, and $21.9 million for 37 technical assistance projects. Cumulative DVA commercial cofinancing for Sri Lanka amounted to $937.85 million for three investment projects.
In 2016, Sri Lanka received $30 million in loan cofinancing from the Government of France for the Green Power Development and Energy Efficiency Improvement Investment Program–Tranche 2; and $3.8 million grant cofinancing from the Government of Japan and the Clean Energy Fund under the Clean Energy Financing Partnership Facility for the Productive Energy Use for Isolated Small Island and Rural Communities.
Sri Lanka: Projects Cofinanced, 1 January 2012–31 December 2016
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||6||6.70|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Sri Lanka, 1 January 2012–31 December 2016
|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|
|Green Power Development and Energy Efficiency Improvement Investment Program – Tranche 2||150.00||30.00||O|
|Hatton National Bank for Supporting Infrastructure Development||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|
|Supporting Electricity Supply Reliability Improvement||115.00||3.80||G|
|Trade Finance Program||594.94||643.73||C|
a Loan, grant or blend.
b C = commercial cofinancing, G = grant cofinancing, O = official loan cofinancing.