Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Sri Lanka
Location: Colombo region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
Status: Proposed
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: The Democratic Socialist Republic of Sri Lanka
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Water and Sanitation
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 115.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 274.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ AIIB website
Updated in EWS: 2018-01-23
Disclosure Date: 2017-12-06
Sri Lanka: Solid Waste Management Project
AIIB-000055

Project Description
According to the AIIB website, the project aims to improve solid waste management in the Colombo Region and other participating local governments in Sri Lanka through an integrated solid waste management system. Expected project results include waste disposal reduction in open dumpsites and increased beneficiaries of improved solid waste services. Key components include: Solid Waste Management Disposal Improvement •Safe closure of Meethotamulla dumpsite; •A temporary controlled landfill and improved compost operations at Kerawalapitiya Waste Park (KWP); •Rehabilitation at Karadiayana controlled dumpsite •Improvement at Dompe landfill •Construction of the sanitary landfill at Aruwakkalu and associated waste transfer stations •Purchase of railway rolling stock and waste haulage containers; •Procurement of vehicles and haulage equipment to transport waste to Aruwakkalu until rail connectivity is established; •Construction supervision consultancy financed by GOSL. Solid Waste Management Service (SWM) and Operations Improvements •Vehicles and equipment for collection, sorting, transport, processing, and transfer of waste to disposal sites for the Colombo Municipal Council (CMC); •Collection vehicles and waste processing facilities in nine SWM clusters in the provinces and other local authorities in Colombo Region; •Closure of the Bloemendhal dumpsite, including waste reduction; and •Development of an urban park at the Meethotamulla dumpsite The estimated board date is April, 2018.
Investment Description
Co-financing: Borrower US$ 44 million World Bank US$ 115 million
Private Actors
Contact Information
AIIB: Mr. Anzheng Wei Project Team Leader/Investment Officer Tel: +86 10 835801 95 Email: awei@aiib.org World Bank: Ms. Shenhua Wang Project Team Leader/Senior Urban Development Specialist Tel: +94 11 556 1349 Email: swang3@worldbank.org Borrower: Ms. Madara Sevwandi De Silva Director, External Resources Department Ministry of National Policies and Economic Affairs Tel: +94 11 248 4717 Email: Madara@erd.gov.lk Implementation Agency: Mr. Jayavilal Fernando Project Director of the Project Management Unit of the Solid Waste Management Project Ministry of Megapolis & Western Development Tel: +94112879292 Email: jjayavilal@hotmail.com, fernandojayavilal@gmail.com ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.
Bank Documents
Government Documents
Media