Sri Lanka’s Cabinet has approved the signing of a $100 million loan agreement with the Asian Development Bank (ADB) to support a sustainable tourism development programme aimed at revitalising key cultural and regional tourism hubs.
The facility includes a $70 million policy-based loan and an investment component dedicated to enhancing infrastructure and services in Trincomalee and Dambulla, including the UNESCO World Heritage Site of Sigiriya.
The funds will be used to improve visitor facilities, manage tourist flows, and promote longer stays, with the goal of generating broader economic benefits for the surrounding communities.
The Ministry of Urban Development, Construction and Housing has been tasked with implementing the investment projects, following a joint proposal put forward by the Ministers of Tourism and Urban Development.
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