Sirisena signs three loan agreements worth USD 455 million with the ADB

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President Maithripala Sirisena today (Jan 17) signed three loan agreements worth USD 455 million with the Asian Development Bank (ADB) during the course of his visit to the Philippines.

The agreements signed in the presence of ADB President Takehiko Nakao were part of the $815 million total commitment of ADB to Sri Lanka for the year.

The loan was obtained in order to improve higher education, transport infrastructure, and technical assistance for urban projects in Sri Lanka.

The agreements were signed at the ADB's headoffice in Mandaluyong, Philippines as President Sirisena paid a visit to the headquarters.

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