Sri Lanka is looking to negotiate with the International Bank for Reconstruction and Development of the World Bank to obtain USD 115 million as part of financing the accelerated solid waste management project, estimated to cost USD 274 million.
Cabinet approval was granted last week for the proposal put forward by Prime Minister Ranil Wickremesinghe as the Minister of National Policies and Economic Affairs. It was also decided to hold discussions with the IBRD to obtain necessary funding.
The project will be implemented by the Megapolis and Western Development and Provincial Councils and Local Government Ministries.
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