Sri Lanka: John Keells Modern Retail Infrastructure Expansion Project

Nonsovereign Project | 55143-001

The proceeds from this investment will be used towards the expansion of the group''s modern retail and distribution businesses, including the construction and equipping of new supermarkets and the setting up of new, state of the art distribution logistics centers.

Project Details

  • Project Officer
    Choudhary, Mayank
    Private Sector Operations Department
    Request for information
  • Approval Date
    13 December 2021
  • Country
    Sri Lanka
  • Sector
    • Agriculture, natural resources and rural development
Project Name John Keells Modern Retail Infrastructure Expansion Project
Project Number 55143-001
Borrower/Company John Keells Holdings PLC
Country Sri Lanka
Location Nation-wide
Type or Modality of Assistance
Equity Leading Asia's Private Infrastructure Fund (LEAP) USD 15.00 million Approved
Equity Leading Asia's Private Infrastructure Fund (LEAP) USD 25.00 million Approved
Equity Ordinary capital resources LKR 3,022.05 million Approved
Equity Ordinary capital resources LKR 5,036.75 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Agriculture, natural resources and rural development / Agro-industry, marketing, and trade

Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 1
Responsible ADB Officer Choudhary, Mayank
Project Sponsor(s)
Description The proceeds from this investment will be used towards the expansion of the group''s modern retail and distribution businesses, including the construction and equipping of new supermarkets and the setting up of new, state of the art distribution logistics centers.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment B
Involuntary Resettlement B
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 13 Jul 2021
Credit Committee Meeting 22 Oct 2021
Approval 13 Dec 2021
Last PDS Update 13 Dec 2021

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Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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