Sri Lanka: John Keells Modern Retail Infrastructure Expansion Project
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
Related Projects
| 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 |
|
||||||||||||||||||||
| 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 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| John Keells Modern Retail Infrastructure Expansion Project: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Nov 2021 |
| John Keells Modern Retail Infrastructure Expansion Project: Gender Action Plan | Gender Action Plans | Nov 2021 |
| John Keells Modern Retail Infrastructure Expansion Project: Report and Recommendation of the President | Reports and Recommendations of the President | Nov 2021 |
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.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
-
ADB Partners with John Keells Holdings to Boost Food Value Chains and Farm Livelihoods in Sri Lanka
The Asian Development Bank entered into an agreement to invest up to $80 million in John Keells Holdings PLC to boost the country’s food value chain and promote economic growth and job creation.