ADB approves $100 million loan for Sri Lanka water sector reforms

13 Sep 2024 CW Team

The Asian Development Bank (ADB) has approved a $100 million policy-based loan to support reforms in Sri Lanka's water supply and sanitation sector. This funding aims to enhance the country's resilience to climate change and promote long-term sustainability in water services.

The loan is part of the Water Supply and Sanitation Reform Program, which consists of two subprograms of $100 million each. The first subprogram will focus on establishing national policies and strategies, particularly for the National Water Supply and Drainage Board (NWSDB), while the second will support the implementation of reform initiatives.

Pedro Almeida, Senior Urban Development Specialist, ADB, emphasised that the program will address governance, sustainability, and private sector participation in Sri Lanka's water sector, which faces challenges such as fragmented water resources management and climate change impacts.

Additionally, the program includes $800,000 in technical assistance to support the Ministry of Water Supply and Estate Infrastructure Development (MWS) and NWSDB in implementing the reforms. The Water Innovation Trust Fund will contribute $300,000, while ADB’s Technical Assistance Special Fund will cover $500,000.

ADB, established in 1966, is owned by 68 members, with 49 from the region. (ET)

Infrastructure Urban

29 May 2026

GP Petroleums Q4 PAT Rises 8%

GP Petroleums reported an 8 per cent rise in PAT to Rs 9.3 crore in Q4FY26, compared to Rs 8.6 crore in Q4FY25. Revenue from operations stood at Rs 163 crore, compared to Rs 183 crore in the corresponding quarter last year.EBITDA for Q4FY26 increased to Rs 14.7 crore from Rs 13.2 crore in Q4FY25, while EBITDA margin improved to 9 per cent from 7 per cent. The company said its performance was supported by operational efficiencies, strong customer relationships and an expanding product portfolio.For FY26, revenue from operations rose 5 per cent to Rs 643 crore, compared to Rs 610 crore in FY25. ..

Ramky Infra Order Book Crosses Rs 13,000 Crore

Ramky Infrastructure reported a resilient FY2026 performance, supported by disciplined execution, cost efficiency and fresh order wins. The company secured new orders worth Rs 4,500 crore during Q4, taking its total order book above Rs 13,000 crore as of 31 March 2026.Consolidated PAT grew 40 per cent year-on-year to Rs 283 crore in FY2026, compared to Rs 202 crore in FY2025. Standalone PAT rose 28 per cent to Rs 332 crore, while consolidated revenue from operations stood at Rs 1,846 crore. Standalone revenue from operations was Rs 1,679 crore.During the year, the company secured orders worth ..

Tembo Global FY26 Revenue Rises 46.7%

Tembo Global Industries reported strong consolidated results for Q4 and FY26, supported by growth in its engineering solutions business. Revenue from operations rose 46.7 per cent year-on-year to Rs 1,090.2 crore in FY26, while Q4 revenue grew 26.3 per cent to Rs 346 crore.EBITDA for FY26 increased 55.4 per cent to Rs 142.5 crore, with margins expanding to 13.1 per cent. PAT grew 79.7 per cent to Rs 98.2 crore, while PAT margin improved to 9.0 per cent. In Q4 FY26, PAT rose 93.3 per cent year-on-year to Rs 30.1 crore.The company said its engineering segment remained the key growth driver, supp..