Project ID: 53566

China Development Bank provides $54.8 million loan for Katana Water Supply Project

Commitment amount

$ 54800000.0

Constant 2017 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Sri Lanka

Sector

Water supply and sanitation (Code: 140)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2017

Geography

Description

On August 21, 2017, China Development Bank and the Government of Sri Lanka signed a $54.8 million loan agreement for the Katana Water Supply Project (WSP). The purpose of this project is to provide safe drinking water via pipes to all 45 Grama Niladdhari divisions in Katana Divisional Secretariat, which covers 50% of the population in that area. Loan details are unknown.The project involves the construction of three towers at Bambukuliya, Ewariwatta and Thibirigaskatuwa, and the laying of transmission and distribution mains and supplying and supplying and installation of pumps. It is expected to take three years and cost a total of $64.5 million. The remaining $9.7 million is being provided by the Bank of Ceylon, a state-owned commercial bank in Sri Lanka. The Sri Lanka National Water Supply & Drainage Board is overseeing implementation of this project. The project commencement date was August 21, 2017. As of March 30, 2019, it had achieved a 'physical progress' rate of 43.7%.

Additional details

The Chinese project title is 阿塔纳水厂项目目. This project is one of the four water supply projects under implementation in Sri Lanka funded by the China Development Bank. The other three projects are: Project #54435 (Gampaha, Attanagalla and Minuwangoda Integrated Water Supply Scheme), Project #53567 (Thambuttegama Water Supply Project), and Project #53568 (Valachchenai Water Supply Project and Banadarawela, Diyathalawa and Haputhale Water Supply Project).

Number of official sources

8

Number of unofficial sources

0

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Details

Cofinanced

Yes

Cofinancing agencies [Type]

Bank of Ceylon (BOC) [State-owned Bank]

Receiving agencies [Type]

Government of Sri Lanka [Government Agency]

Implementing agencies [Type]

Government of Sri Lanka [Government Agency]; National Water Supply & Drainage Board of Sri Lanka [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No