The project will be financed through a six-year Investment Project Financing (IPF) Credit.The total project cost is US$125 million and will be funded by The InternationalDevelopment Association (IDA) Transitional Credit of US$110 million, with the Governmentof Sri Lanka contribution of US$10 million and the beneficiaries contributing US$5 million inkind.
The IDA Transitional Credit procedures will be used to finance eligible expendituresnecessary to meet the development objectives of the project with due attention toconsiderations in accordance with the provisions of the Financing Agreement.