Docamt of

The World Bank

FOR OFFICIAL USE ONLY

Rmt No. P-5939-CE

IN WIIRD SAND RE TMHNDATIOK

OF THE

PRESIDENT OF T'fi

IUENMTTIONAL DEVELOPMT ASSOCIATION

TO THIE

EXECUTIVE DIRCTORS

ONA

PROPOSED CREDIT

OF SDR 14.4 MILLION

TO THE

DE(OCRATIC SOCIALIST REPUBLIC OF SRI LIAN

FOR A

COLOMBO 1RBA TRANSPORT PROJECT

APRL 22, 1993

*~~ .

Tiis document has a restricted distribution and may be used by recipients oly In the performnsCe oftheir official duties. Its contents may not otherwise be disclosed without World Bank authorization.

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CURRENCY EOUIVALEITS(as of December 1992)

Currene.y Unit - Sri Lankan Rupee SR.1 Rupee (SRs) - 100 cents - US$0.023SR. 44.0 - US$1.00 0

WEIGHTS AND MEASURES

1 m - water (lumetcr - 3.28 feet)1 mt m metric tone (1,000 kg - 2,205 lb.)1 km - kilometer (1 kilometer - 0.62 miles)kM2 s square kilometer (1 km2 - 0.368

square miles)1 kg - kilogram (2.2 lb.)

ABBREVIATIONS AND ACRONYMS

CEA - Central Envirormental AuthorityCIDA - Canadian International Development AgencyCMC - Colombo Municipal Council0CMKA - Greater Colombo Metropolitan AreaGOSL - Government of Sri LankaMTH - Ministry of Transport and HighwaysETC - National Transport CommissionSLR - Sri Lanka RailwaysTSM - Traffic System ManagementTSPC - Transport Studies and Planning CenterUDA - Urban Development AuthorityUNDP - United Nations Development Program

FISCA EAR

January 1 to December 31

FOR OMCLAL USE ONLY

SRII

COLOMBO URBAN TRANSPORT PROJECT

Credit and Project Sumary

Borrower: Democratic Socialist Republic of Sri Lanka (GOSL)

Beneficiaries: Ministry of Transport and Highways (NTH)Colombo Municipal Council (CMC)Sri Lanka Railways (SLR)Central Environmental Authority (CEA)

Amount: SDR 14.4 million (US$20.0 million equivalent)

Terms: Standard, with 40 years maturity

Onlendina Terms: From GOSL to the beneficiaries on a grant basis

Financinz Plan:Local ForeignCurrency Currency Total Z-- (US$ million)-------

IDA 5.5 14.5 20.0 79.0UNDP 0.2 0.3 0.5 2.0CANADA 0.0 0.5 0.5 2.0GOSL 4.3 0.0 4.3 17.0

TOTAL 10.0 15.3 25.3 100.0

Economic Rate of Return: 26%

Staff Appraisal Report: Report No. 11375-CE

Maps: Colombo Transport Network - IBRD No. 24659Colombo Project Area - IBRD No. 24660

This document has a restricted distribution and may be used by recipients only in the performanceof their official duties. [ts contents may not otherwise be disclosed without World Bank authorization.

MEMORANDUM AN4 RECOIOENDATION OF THE PRESIDENTOF THE INTERNAi'ORAL DEVELOPMENT ASSOCIATION

TO THE EXECUTIVE DIRECTORSON A PROPOSED CREDIT

TO THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKAFOR A COLONBO URBAN TRANSPORT PROJECT

1. I submit for your approval the following memorandum and recommendationon a proposed development credit to the Democratic Socialist Republic of Sri Lankafor SDR 14.4 million (US$20.0 million equivalent) on standard IDA terms with amaturity of 40 years to help finance a Colombo Urban Transport Project. Theproposed credit would be passed on from the Government of Sri Lanka (GOSL) to theMinistry of Transport and Highways (MTI), Colombo Municipal Council (CNC), SriLanka Railways (SLR) and Central Environmental Authority (CEA) on a grant basis.The Government will bear the foreign exchange risks on the credit.

2. Sector Backaround. The Greater Colombo Metropolitan Area (GCNA) containsabout four million inhabitants, comprising a quarter of Sri Lanka's totalpopulation. Although not reflected in official statistics, which do not countsuburbanization of Colombo as urban growth, the a:nual population growth rate forthe GCMA during the 1980. is estimatGd at 5Z. As a part of GGSL's liberalizedgrowth strategy, two large Export Processing Zones outside Colombo were establishedin 1978, reinforcing the primacy of the GCMA. Agglomeration economies, includingthe presence of Goveranent offices and the country's only international portcontiguous to the city center, have fueled demand for urban transport, acting bothas traffic generators and attractors. With expanding industrial activities,growing population and rising incomes, traffic volumes in GCNA are increasing at6-8Z per annum. This growth has led to severe strain on already run-down transportinfrastructure and the emergence of traffic bottlenecks and acute congestion inCentral Colombo. However, funding constraints have deterred new infrastructureinvestments that are needed to keep pace with rising urban travel demand, and alsohave adversely affected the maintenance and rehabilitation of roads, railway lines,buses and other related service facilities. The road surfaces are in a poor stateof repair, sidewalks almost non-existent and traffic movements constrained byinfringement on road space by shops, slow moving push-carts, teaming pedestrianflows, inadequate intersection designs, primitive traffic control devices anddisorganized bus passenger loading and discharging. The railway could play alarger role in providing efficient commuter services in the GCMA, thereby reducingthe pressure on road passenger services if it could shed its cuimbersomebureaucratic management structure and modernize its archaic operating methods.

3. In Central Colombo, traffic congestion has greatly increased traveltimes, vehicle operating costs and accidents. The increase in traffic density hasalso raised air pollution levels in the city, posing a potential threat to publichealth. Transport bottlenecks impose high costs on commercial and industrialestablishments located in the GCMA, reducing their competitiveness and productivityin relation to units located in other major production and export centers of Asia.Because the GCMA generates about 421 of the country's GNP, and the GOSL's export-oriented industrial strategy reinforces the pro-eminence of the GCMA, thelimitations of the transport sector have large economic and social costimplications for the country as a whole. Thus, the rehabilitation of existingdeteriorated infrastructure and implementation of well-conceived traffic managementschemes require immediate action for short-term relief. In the long-term, GOSLneeds to formulate a viable urban transport strategy in order to avoid Colombo's

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traffic congestion reaching the levels experienced in cities like Bangkok orManila. IDA's strategy is to support these actions through the proposee projectwhich is an important first step.

4. Lessons from Previous Bank/IDA Operations. The proposed project wouldbe the first IDA-financed urban transport project. Howevers IDA has financedoperations in both the urban and transport sectors."1 The relevant lessons fromthese projects are: (a) detailed engineering and designs should be completed forall relevant project components to avoid large cost overruns, and ensure sufficientfunds for completion of works; (b) the project design and procurement methodsshould not be overly complex in order to prevent a long implementation period anddelays in procurement; and (c) the establishment of a clear functional,organizational and management structure with adequate autonomy is a prerequisitefor encouraging operational efficiency and improved performance in the transportsector. The proposed project has been designed with these lessons in mind.

'i. Prolect Objectives. The main objectives of the project are to: (a)remove transport bottlenecks and traffic congestion in Central Colombo that imposehigh costs on commercial and industrial establishments; (b) develop long-termtransport plans for the GCMA and strengthen institutions concerned with urbantransport; (c) strengthen the managerial capabilities of the National TransportCommission (NTC); (d) increase the efficiency of the STR; and (e) promote adequateair quality standards and emission control measures.

6. Prolect Descrintion. To achieve the above objectives, the projectincludes: (a) Immediate Action Plan. (i) Transport System Management (TSM) Programfor three areas: Fort, Pettah and Olcott Mawatha. Implementation of short-term,cost-effective measures of the TSM program comprising junction improvements(signals, channelisation), bus passenger facilities (terminal improvements), buslanes, sidewalks, footbridges and off-street parking and rehabilitation of roadpavement in the Pettah and adjoining Olcott Mawatha areas where traffic conditionsare most chaotic; (ii) Maradana Junction Improvements. Construction of a gyratoryconsisting of an additional bridge, parallel to the existing bridge over therailway tracks, improvements of the approach roads to the new gyratory and theprovision of inter-linked signalization to increase capacity and reduce vehicle-to-vehicle and vehicle/pedestrian conflicts at this intersection where severecongestion and delays occur, with a daily traffic volume exceeding 44,000 vehiclesand large passenger flows from the nearby railway station; and (iii) ImplementationSupport. Consultancy services to supervise the TSM and Maradana Junctionimprovement schemes; (b) Lona-Term Urban TransDort Planning. Consultants to: (i)carry out the Colombo Urban Transport Study to address the transportinfrastructure, service and management deficiencies and prepare comprehensivepolicy actions and associated investment plans for the long-term period; and (ii)provide on-the-job training of the counterpart staffs from the agencies involvedin urban transport planning. Personal computers, office equipment and softwarewould be procured as part of this component; and (c) Institutional Strengthening.

Completed projects: Road Maintenance I (Cr. 900-CE, PCR No. 8000, 8/89); RoadPassenger Transport (Cr. 994-CE, PCR No. 8011, 8/89); and Roads II (Ln. 2517-CE, PCR in draft). Ongoing projects: Municipal Management (Cr. 1697-CE);Roads III (Cr. 2183-CE); and the Economic Restructuring Credit (Cr. 2128-CE)under which the publicly owned bus industry is being privatized.

(i) Transport Regulation. Consultancy services to train the NTC and the ProvincialCouncii±l (PC) staff in the regulation of the bus industry; (ii) Restructuring ofthe Sri Lanka Railways. Consultancy services to assist SLR with implemantation ofthe restructuring plan agreed with IDA, which is intended to initiate the processof reform to improve its operations, and evaluate different options and suitabletiming for privatization of certain aspects of railway operations and assets inpreparation for the next phase of reform. Management information and servicecosting systems would be installed and personal computers and software packageswould be procured; and (iii) Air Quality Monitoring and Management Study. Theprocurement of air quality testing equipment and consultancy services for thepreparation of a comprehensive air quality control program for Colombo and thetraining of the CEA staff to strengthen their capabilities to monitor and enforceair quality standards.

7. The project cost is estimateca at US$25.3 million equivalent, with aforeign exchange component of US$15.3 million equivalent (611), including theProject Preparetion Facility (PPF) Advance of US$1.2 million, and taxes and dutiesestimated at about US$2.0 million equivalent. The PPF advance was expended tocarry out various studies in preparation of the project. The total financingrequired is US$25.3 million, of which the Association would finance US$20.0 millionequivalent (952 of the foreign exchange and 551 of local costs, or 691 of localcosts excluding taxes and duties). UNDP would provide US$0.5 million equivalentto strengthen the NTC and PC staff under a co-financing arrangement. In addition,CIDAA1 would cofinance US$0.5 million equivalent to assist with implementation ofthe SLR restructuring plan. For expenditures incurred after March 1, 1993,retroactive financing of US$0.5 million (2.52 of the credit) would be provided topermit advance procurement of services, works and goods which must begin beforecredit effectiveness in order to meet target dates for implementation of criticalproject activities.

8. Proiect Imolementation. The TSM, road rehabilitation and the MaradanaJunction components would be executed by the CMC, assisted by consultants. TheColombo Urban Transport Study and the urban institution training component wouldbe managed by the Transport Studies and Planning Center (TSPC). The air pollutionmanagement component would be administered through the CEA. The technicalassistance for the bus regulation and management and railway components would beimplemented by the MTH and NTC/PCs, assisted by consultants. Project coordinationand monitoring of progress would be provided by the Project Monitoring Committee,composed of CMC, UDA-, NTC, TSPC, TPY' and CEA, chaired by Secretary, MTH. Abreakdown of costs and the financing plan are shown in Schedule A. Amounts andmethods of procurement and of disbursements, and the disbursement schedule areshown in Schedule B. A timetable of key project processing events and the statusof Bank Group operations in Sri Lanka are presented in Schedules C and D,respectively. Two maps are also attached (IBRD No. 24659 and IBRD No. 24660). TheStaff Appraisal Report, No. 11375-CE, is being distributed separately.

Vi Responsibilities for the issuance of route permits, registration of vehiclesby type and management of bus terminals have been devolved to the ProvincialCouncils.

3 Canadian International Development Agency.4/ Urban Development Authority.$ Traffic Police.

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9. Proiect Sustainabilit,. To ensure the project's sustainability, theproject has been designed in line with the absorptive capacity of the implementingagencies and adequate technical assistance would be provided. The introduction ofthe TSZ concept under the project would demonstrate the effectiveness of the low-cost TSM schemes in achieving greater utilization of limited road space,segregation of pedestrians and vehicles and smoother traffic flows. To ensure thatthe TSM schemes function efficiently, a traffic law enforcement program would beimplemented in parallel. The experience g1ined from implementing the immediateaction plan for the GCMA would also provide a sound basis for preparing asustainable long-term program.

10. Environmental Aspects. The project includes an environmental componentthat addresses the emerging problems of air pollution. While not yet as seriousas the problems observed in Bangkok, Bombay and other major Asian cities, the rapidincrease of motorized transport in the GCMA :ould cause levels of emissions ofharmful gases to arise if left unabated. The main sources of air pollution inColombo are vehicle exhaust emissions and to a lesser extent, industrialenterprises. Control of the former will be critical as vehicle ownership increasesin the GCMA. Therefore, under the project the necessary first steps will be takento measure air quality, set up standards to identify the major causes of theproblems, formulate an appropriate regulatory policy, and monitor compliance. Theenvironmental impact of the TSM and Maradana Junction components included in thepr4ject would be positive as they are designed to enhance traffic and facilitatetraffic flows, thereby reducing congestion and idling of vehicles.

11t Aareements Reached. During negotiations, agreements were reached on thefollowing: (a) GOSL to allocate sufficient counterpart funds needed to implementthe project; (b) TSPC and CMC to establish their project accounts and appoint theheads of their respective project accounts departments; (c) an Operational ActionPlan; and (d) GOSL to hold a mid-term project implementation review with IDA inDecember 1995.

12. Linkage with Country Assistance Strateav. In Sri Lanka, IDA's CountryAssistance Strategy (CAS) includes: (a) promoting non-traditional export-led growthby enhancing the country's external competitiveness; (b) creating an environmentconducive to expanding private sector participation and attracting foreigninvestment through increased liberalization of economic and trade policies; (c)reforming public enterprises which cannot be privatized immediately; (d) reducingpublic expenditures by eliminating over-sambitious and unproductive investments; and(e) providing good infrastructure (transport, telecommunications and power) socritical to the successful commercialization of the economy. The componentsincluded in the project are intended to implement IDA's transport sector strategy,which is consistent with its CAS, by: (a) eliminating major transport bottlenecksin the GCGA where the majority of export industries are located; (b) implementinglow-cost traffic management concepts and road rehabilitation before embarking onlarge new investments; (c) formulating a long-term urban transport investmentprogram to determine priorities and staff training to strengthen planningcapabilities; (d) promoting bus industry deregulation and privatization to increaseprivate sector involvement; and (e) initiating railway reforms to improveoperational efficiency.

13. Rationale for IDA Involvement. Development of an efficient transportsector in Sri Lanka has long been an objective of Government policy which IDA hassupported. To accomplish this objective, IDA has been taking the lead in assistingGOSL in implementing the strategy elements outlined above, and major reform

initiatives in the transport sector for which no other donors have shc-m interestin providing leadership. Through IDA's active involvement, the Government is inthe process of completing bus privatization and initiating railway reforms. As aresult, progress is being made in improving sector efficiency. The proposedproject offers an additional opportunity to continue this progress.

14. Benefits. Traffic management and Maradana Junction improvement measureswill reduce the economic costs of congestion and delays by speeding up the flow ofgoods and passengers on the major corridors. The weighted economic rate of teturn(ERR) on these improvements is estimated at, 262. In addition, traffic safetyimprovements, to be implemented under the project, would reduce accident rates.Furthermore, monitoring of air quality and emission control, combined with improvedvehicle speeds made possible under the project, would impact positively on theenvironment by reducing pollution from vehicle exhaust fumes. The reform of therailways should increase efficiency and modestly improve the Government's fiscalsituation.

15. Risks. The main risks of tbe project are: (a) expected capacityincreases and decreased level of congestion may turn out to be smaller thananticipated; (b) a delay in completion of the project may increase investmentcosts, (c) ineffective scheduling of works may lead to excessive congestion duringconstruction; and (d) the institutional strengthening and reform objectives to beaccomplished with technical assistance provided under the project may fall shortof expectations. The risks of delay and ineffective scheduling are mitigated bythe fact that detailed engineering and designs have been completed for all projectcomponents, bidding documents have been prepared, the main investment componentsare relatively easy to implement as they are based on well-establishedtechnologies, and the CMC has already completed similar works successfully on GalleRoad and the Prince of Wales Road. Possible cost overruns, reduced benefits andincreased congestion during construction have been quantified in the economic andsensitivity analyses which still yielded satisfactory ERRs of 17% or higher.Moreover, a continuing intensive policy dialogue with GOSL, phased reform measures,training programs formulated in accordance with absorptive capacity of theexecuting agencies, close supervision of civil works, studies and theimplementation support provided under the project to the executing agencies wouldalso substantially reduce the possible risks mentioned above.

16. Recommendation. I am satisfied that the proposed development creditwould comply with the Articles of Agreement of Association and recommend that theExecutive Directors approve it.

Lewis T. PrestonPresident

Attachments

Washington, D.C.April 22, 1993

- 6 - Schedule APage I of 1

SRI LAMR

COLOMB_O 'JAN ThANPOR2 PROJECT

Estimated ProJegt Cootst1 and financina Plan

Estimated Proiset Cogtst

Local Foreign Total----------US$ million-

A. TSH and Infrastructure

Pettah, Olcott & Fort 3.31 2.10 5.44Maradana Junction 0.97 3.13 4.10Implementation Support 0.02 2.89 2.91

Subtotal 4.30 8.12 12.42

B. Urban Transeort Plan 0.48 1.12 1.60

C. Institutional Strenythenina

NTC 0.45 0.55 1.00Railvay Restructuring 0.40 2.31 2.71Air Quality Management 0.09 0.51 0.60

Subtotal 0.94 3.37 4.31

Total Base Costs 52:2 ALIL "$]

Physical Contingencies 0.50 0.78 1.28Price Contingencies 1.53 0.91 2.44Project Preparation Facility 0.20 1.00 1.20

Total Project Costs S 1.30 23.5(excluding taxes)

Taxes and Duties 2.03 0.0 2.03

Total Project Costs 9.98 AMlz 25.28(including taxes)

Financina Plan:Local ForeignCurrencv Currency Total 2---------(US$ million)-----

IDA 5.5 14t5 20.0 79.0UNDP 0.2 0.3 0.5 2.0CANADA 0.0 0.5 0.5 2.0GOSL 4.3 0.0 4.3 17.0

TOTAL 100 15. 2.3 120.g

£ December 1992 prices.

_ 7 _ Schedule BPage 1 of 2

SRI LANKA

COLOMBO URBAN TRANSPORT PROJECT

Procurement Method and Disbursements(US$ million)

Procurement

Procurement MethodProject Prudent TotalComponent ICB LCB Shopping Other NIF Costs

Civil Works 6.00 6.72 2.00 14.72(5.00) (4.50) (1.00) (10.50)

Equipment/Goods 1.00k 0 . 66 Ib 1.66(1.00) (0.60) (1.60)

Training & Tech. Asst. 7. 1.00 8.90(7.90) (7.90)

TOTAL 7.00 6.72 0.66 10.90 1.00 25.28(6.00) (4.50) (0.60) (8.90) (0.00) (20.00)

Note: Figures in parentheses are respective amounts financed by IDA Credit.NIF - Not IDA Financed.

La traffic signals and "design-supply-assemble" for Fort footbridge;/b street lighting, personal computers, vehicles, traffic counter, air quality

testing equipment;/c CMC Force Account for surfacing; andld includes services procured under PPF 471-CE.

- 8 - Schedule BPage 2 of 2

Disbursements

Amount of theCredit Allocated S of

Category (expressed in Expenditures toUS$ equivalent) be Financed

1. Civil Works andMaradana JunctionBridge 7,560,000 70%

2. Equipment and Goods,including Footbridge 1,150,000 100X of foreign costs;

100% of ex-factory costsof local expenditures,or 70% of other localexpenditures

3. Consultancy Servicesand Training 4,830,000 100%

4. Repayment of ProjectPreparation Advance 860.000

TOTAL 14,400,000

Estimated Disbursements (US$ million):

1DA Fiscal Years FY93 FY94 FY95 FY96 FY97 FY98

Annual 0.0 2.4 4.0 6.6 5.9 1.1Cum-ulative 0.0 2.4 6.4 13.0 18.9 20.0

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Schedule CPage 1 of 1

COLOMBO URBAN TRANSPORT PROJECT

Timetable of Key Proiect Processing Events

(a) Time taken to prepare the projectz 5 months, October 1992 - February1993.

(b) Prepared by: MTH and CMC, assisted by consultants.

(c) First IDA mission: October 1992Z'

(d) Appraisal mission departure: December 1992

(e) Negotiations: April 12-15, 1993

(f) Planned date of effectiveness: September 1993

(g) List of relevant PCRs and PPARs: None directly related to an urbantransport project. However, twotransport projects include: RoadMaintenance I (Cr. 900-CE, PCRNo.8000, 8/89; and Road PassengerTransport (Cr. 994-CE, PCR No. 8011,8189). For Cr. 2717-CE, Second RoadsProject, PCR is in draft.

7/ Does not include the time taken to prepare some of the project componentswhich were originally included in the Sri Lanka Transport I Project.

This report was prepared based on the finding8s of an appraisal mission whichvisited Sri Lanka in December 1992. The mission members included Mrs. I. Bradfield(Senior Economist and Task Manager, SA3EI); and Mr. K. Wijetilleke (Senior ChemicalEngineer, IENOG) from the International Development Association, and Mr. J.Cracknell (Traffic Management Specialist, Consultant). The peer review teamcomprised Messrs. R. Scurfield (Principal Transport Specialist, TWUTD); L. Thompson(Railways Advisor, TWUTD); and J. Shah (Environmental Specialist, ASTEN); and Ms.0. KRlantzopoulos (Senior Economist, SA3CI). The report has been endorsed byMessrs. Per Ljung, Chief, Energ, & Infrastructure Operations Division and PaulIsenman, Director, Country Department III, South Asia Region.

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Sohedule 0Page 1 of 2

THE STATUS OF BANK GROUP OPERATIONS IN SRI LANKAA. STATEMENT OF BANK LOANS AND IDA CREDITS

(As of March 31. 1993)

Amoun- In USS million(loes canoellations)

Loan or Fiscal Undis-Credit No. Year Borrower Purpose Bank IDA bursed

12 loans and 40 credits have been fully disbursed 131.13 641.17

Cr. 1537-SRI 1985 Sri Lanka Major Irrigation Rehab 17.00 8.02Cr. 1692-SRI 1986 Sri Lanka Industrial Dev II 20.00 1.16Cr. 1997-SRI 1988 Sri Lanka Municipal Management 13.00 5.87Cr. 1698-SR) 1986 Sri Lanka Second Vocational Training 15.00 9.89Cr. 1700-SRI 1986 Sri Lanka Water Supply and Saniaton 37.00 10.68Cr. 1736-SRI 1.187 Sri Lanka Ninth Power 52.00 19.82Cr. 1776-SRI 1987 Sri Lanka Agriculture Research 18.60 13.93Cr. 1860-SRI 1988 Sri Lanka Third Small & Med lndustriee 20.00 1.32Cr. 1883-SRI 1988 Sri Lanka Emergency Recon & Rehab 78.00 42.12Cr. 1903-SRI 1988 Sri Lanka Health & Family Planning 17.60 14.83Cr. 1909-SRI 1988 Sri Lanka 2nd Smallholder Rubber Rehab 23.60 15.81Cr. 1933-SRI 1988 Sri Lanka Power Dlstrib & Tranemiselon 40.50 32.71Cr. 1948-SRI 1989 Sri Lanka Third industrial Development 43.80 7.23Cr. 2043-SRI 1989 Sri Lanka Forestry II 19.90 18.57Cr. 2072-SRI 1990 Sri Lanka General Education 49.00 43.82Cr. 2128-SRI 1990 Sri Lanka Eoonomic Reostruc. Credit 90.00 3.42Cr. 2183-SRI 1991 SrI Lanka 3rd Roads 42.50 36.89Cr. 2185-SRI 1991 Sri Lanka Public Manut Enter. Adjust. 120.00 4.71Cr. 2231-SRI 1991 Sri Lanka Poverty Alleviation 67.60 63.40Cr. 2249-SRI 1991 Sri Lanka Telecoms II 67.00 63.38Cr. 2260-SRI 1991 Sri Lanka SMI IV 46.00 36.00Cr. 2260-SRI 1991 Sri Lanka National Irrigation Rehab. 29.60 28.26Cr. 2297-SRI 1692 Sri Lanka 2nd Power Distribution 60.00 49.79Cr. 2380-SRI 1992 Sri Lanka Second Agric. Extension 14.34 13.97Cr. 2185-1-SRI 1993 Sri Lanka Public Manut. Ent. Ad. 5.76 5.76Cr. 2442-SRI 1993 Sri Lanka Community Water Supply/Sanit. 24.30 23.28

Total 131.13 1641.97 /a 60.13 IaOf which has been repaid 84.88 26.03

Total now held by Bank and IDA 46.25 1616.94

Amount sold 3.69Of which repaid 3.69

Total undisbursed 50.13

la The principal amounts of IDA credits are shown In US Dollar equivalent at date of negotiations.as shown in the Presdent's Report. Undisbursed amounts shown in US Dollar equivalent are valuedat the exchange rate applicable on the date of this statement. In some cases, therefore, theundisbursed balance Indicates a dollar amount greater than the original principal creditamount expressed In dollars.

' Indicates SAiJSECAL Loans and Credits

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Schedule DPage 2 of 2

THE STATUS OF SANK GROUP OPERATIONS IN SRI LANKAB. STATEMENT OF IFC INVESTMENTS

(Asof March 31, 1893)

Amount ($millione)Date iobnower Purpose Loan Equlty Total

1970 Pearl Textile Mills Textile & Fibers 2.60 0.75 3.25197880183 Development Finance Development Finance 0.46 0.46

Corporation of Ceylon1978181 Bank of Ceylon Development Finance 7.00 7.001870 Mikechris Industries Umited &

Ceylon Paper Sacks Ltd. Woven Polypropylene Sage 0.89 0.09 0.981976181 Ceylon Synthetic Textile Textils & Fibers 3.15 0.54 a691080184186 Lanka Orient Leasing Co. Ltd. Capital Market 3.00 0.34 3.341S81 Lanka Hotels Tourism 19.30 0.70 20.001868 Union Assurance Money & Capita Market 0.48 0.481861 COIC Development Finance 3.05 3.051992 CKN FUND MGMT Capital Market 0.06 0.061092 PYRAMID TRUST Capital Market 0.26 0.251993 Lanka Cellular Telecommunications 1.36 1.36

Total Gross Commitments 3.84 8.08 43.92

Lose Cancellations, Termination ExchangesAdjustments, Prepayments and SalesWriteoffs and Sales 35.74

Total Commitments now held by IFC 8.18

Total Undisbursed (ineluding patocipants' portion) 4.41

_ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ U

MAP SECTION

IBRD 24659

SRI LANKA lCOLOMBO URBAN

TRANSPORT PROJECTCOLOMBO TRANSPORT NETWORK ol

, o, T

o QO PROJECT COMPONENTS

- MAIN ROADS Kuo oMot

SECONDARY ROADS

RAILROADS

'- RIVERS AND STREAMS

MUNICIPAL BOUNDARY

INTERNATIONAL BOUNDARY

0 1 2 3KILOQMETERS

Bay O f

I n d i a n Th %vI ampi st& q x¢v^.d,,,¢^ b

~~~~~~ \' Bengalu+t, iv

r SRI APRIL19hZm.o,eds n d is p o h WIe,a of T heb&m Wrow,

stch bwmosartes

APRIL 1993

Colombo Horbor SRI LANKA sCOLOMBO URBAN1 | / / / >/7| // TRANSPORT PROJECT e , Bngol

PROJECT AREAFORT INTERSECTION IMPROVEMENTS

-5~~~ 40 P~~~ROJECT ROADSb X, / / W z+XCQL0 .~~~~~~~~~~~~~~~~~~~~( MARADANA JUNCTION IMPROVEMENTS LANK

N>i FORT STATION / PEDESTRIAN BRIDGE C )

/.94 l 2 i'/g9Th ,\RAIlROADS I t d i an y

/A/7/-X C3C&\4Sl1t ~~~~~~~~~~~~~~~~~~AND FOACIPLIETIEE5TtNSlNS|Ocean

F \0X R\ INENTOALBUDR

theconeneo. f =04dmn and. usek tmoi of Th. WOddBook &~op Mhe de,ooinofton used and the bonndor,en t.M.n on ;skmap do nt smply. o e part of the Wodd Ban Gap, ay idgaaton6= .%Weglstsi of any wte.rioy or any enda.s.nat a. accptanc of

, 0 10,0200 300°400 50 \ \ \ \ > l7

_ ~~METERS \\\\ \ r \ O

'0~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~0