The Government and the World Bank (WB) signed a $500 million financing agreement to provide safe, efficient and climate resilient connectivity to strengthen agricultural supply chains through the Inclusive Connectivity and Development Project. This project is expected to benefit around 16 million people living in rural communities in selected districts of Sri Lanka. Secretary to the Ministry of Finance, Sajith Atygalle, signed on behalf of the Government and Hartwig Schafer, World Bank Vice President for South Asia, signed on behalf of the World Bank. While nearly all national roads are paved, only 67 percent of provincial roads, and 13 percent of rural roads are in good condition. Sri Lanka also has the highest rate of road fatalities in the South Asia Region with around 3,000 deaths per year.

Source: Sunday Observer November 20, 2021 20:24 UTC