Information Communication Technologies Agency


$53 Million for Wiring Sri Lanka

Posted on September 23, 2004  /  5 Comments

From Lanka Business Online: The World Bank late Tue approved US$ 53 mn to roll out the e-Sri Lanka project, which aims to bridge the digital divide in Sri Lanka. Rolled out through the Information Communication Technologies Agency (ICTA) over a five-year period starting Nov., the project aims to improve public service delivery, increase private sector competitiveness, promote new sources of growth, accelerate social development, bridge the digital divide, and support peace. ICT diffusion across the country will be the enabler for development throughout the key sectors of the economy. The funds will come through the International Development Association (IDA), the World Bank’s concessionary lending affiliate, with 40 years maturity and a ten-year grace period.