World Bank finances Sri Lankan watersheds and water resources project
The Government of Sri Lanka and the World Bank have signed a $69.53 million credit agreement to improve dams and irrigation schemes covering 165,000 hectares of agricultural land and improve the management of watersheds and water resources.
The project aims to preserve, restore and better manage watersheds — with a focus on the Upper Mahaweli Watershed in the central hills — to help prevent impacts of extreme floods, drought and landside events, while at the same time contributing to improved water quality and farmer yields. The project will be implemented by the Ministry of Irrigation.
The World Bank support of $69.53 million credit is from its International Development Association, with project preparation activities supported by the Korea-World Bank Group Partnership Facility.
