🛣️ SL Secures US$90 Mn ADB Loan for Road Improvement (iRoad 2)

Sri Lanka has finalized a US$ 90 million loan from the Asian Development Bank (ADB) under the Second Integrated Road Investment Program (iRoad 2) – Tranche 5. • Objective: Enhance road transport efficiency by improving connectivity between selected rural communities and key socioeconomic centers, alongside strengthening national road agencies' capacity. • Scope of Work: The program will support significant road network upgrades: • Upgrading approximately 500 kilometers of rural access roads to all-weather, climate-resilient standards (inclusive of elderly, women, children, and persons with disabilities). • Rehabilitation of about 21 kilometers of national roads. • Maintenance of 100 kilometers of rural access roads. • Key Agencies: • Executing Agency: Ministry of Transport, Highways and Urban Development. • Implementing Agency: Road Development Authority (RDA). • The Loan Agreement was formally signed on 31 October 2025.