To address these constraints, the proposed compact consists of two projects: a transportation project and a land project. The total budget for the compact is $ 480 million. The $ 350 million transport project has an estimated economic rate of return of 19 %. It seeks to increase the relative efficiency and capacity of urban and provincial transport infrastructure in the Western, Central, Sabaragamuwa, and Uva Provinces.

To address these constraints, the proposed compact consists of two projects: a transportation project and a land project. The total budget for the compact is $ 480 million. The $ 350 million transport project has an estimated economic rate of return of 19 %. It seeks to increase the relative efficiency and capacity of urban and provincial transport infrastructure in the Western, Central, Sabaragamuwa, and Uva Provinces.

These investments will reduce severe traffic bottlenecks, create safer, more reliable public transportation, and lower the transport costs required to connect people and goods with booming markets. The $ 67 million land project has an estimated economic rate of return of 26 %. It aims to expand and improve the existing Government of Sri Lanka initiatives to increase the availability of spatial data and land rights information. The project will initially focus on districts in the Central, North - Western, North - Central and Eastern Provinces.

These investments will reduce severe traffic bottlenecks, create safer, more reliable public transportation, and lower the transport costs required to connect people and goods with booming markets. The $ 67 million land project has an estimated economic rate of return of 26 %. It aims to expand and improve the existing Government of Sri Lanka initiatives to increase the availability of spatial data and land rights information. The project will initially focus on districts in the Central, North - Western, North - Central and Eastern Provinces.

Land activities will help the Government create an inventory of state lands, modernize methods of valuing lands, strengthen tenure security for smallholders, women, and firms, and digitize deeds records so that they are less vulnerable to damage, theft, and loss. Together, the two projects are projected to benefit 11 . 3 million people, which accounts for 54 % of Sri Lanka's s population. The remaining $ 63 million will be used to support technical assistance, feasibility and design studies, project administration, and monitoring and evaluation. These funds will help the Government to effectively design, implement, manage, and monitor the compact program. The Government of Sri Lanka will establish a local entity staffed by Sri Lankans to coordinate implementation by the ministries and departments mentioned above. This entity will be accountable to a Sri Lankan Board of Directors comprised of eight government officials and three representatives from the private sector and civil society.

Land activities will help the Government create an inventory of state lands, modernize methods of valuing lands, strengthen tenure security for smallholders, women, and firms, and digitize deeds records so that they are less vulnerable to damage, theft, and loss. Together, the two projects are projected to benefit 11 . 3 million people, which accounts for 54 % of Sri Lanka's s population. The remaining $ 63 million will be used to support technical assistance, feasibility and design studies, project administration, and monitoring and evaluation. These funds will help the Government to effectively design, implement, manage, and monitor the compact program. The Government of Sri Lanka will establish a local entity staffed by Sri Lankans to coordinate implementation by the ministries and departments mentioned above. This entity will be accountable to a Sri Lankan Board of Directors comprised of eight government officials and three representatives from the private sector and civil society.

MCC Transport Project





The Transport Project is budgeted at $ 350 million and aims to improve urban and rural mobility in the Western, Central, Sabaragamuwa, and Uva Provinces in two ways. First, it will cause traffic congestion and improve public transportation in the Colombo Metropolitan Region. Getting transport right is key to making Colombo a more livable, well - functioning city. Second, the Transport Project will improve connectivity between the central part of the country and ports and markets in the Western Province. The Transport Project will upgrade the transport infrastructure and systems and has three activities :

$ 160 million has been allocated for an Advanced Traffic Management System ( ATMs ) for the Colombo Metropolitan Region. ATMs combines physical improvements and civil works with technology enhancements to optimize the efficiency of the existing road networks along might heavily travel corridors that link central Colombo with its suburbs. The activity will also introduce modem technologies for vehicle detection, real-time data collection, and analysis of traffic flows, an interconnected traffic signal system, and dedicated bus priority systems throughout the network. ATMs is a proven and powerful tool that other global cities are deploying to safely facilitate the flow of pedestrians, goods, and passengers within urban street networks to stay ahead of the congestion curve. ATMs involves civil works improvements to 132 junctions in greater Colombo and a traffic management center where the implementation of effective traffic control strategies are coordinated along approximately 205 kilometers of existing road networks.