Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka in discussions with China Exim Bank to get a loan for Yan Oya irrigation project
Fri, Dec 7, 2012, 01:01 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 07, Colombo: The Sri Lankan government says that discussions on the terms and conditions to secure a loan for the Yan Oya Irrigation scheme is currently underway with China's Exim Bank.

Irrigation and Water Resources Minister Nimal Siripala de Silva has told parliament that the government was discussing the terms to secure a Rs. 800 million loan for the irrigation project as the project could not be postponed.

The Minister has made this comment in response to a question posed by United National Party (UNP) parliamentarian Rosy Senanayake on the irrigation project and how the monies would be raised.

The government has to provide alternate lands to about 248 families who would lose their homes and agriculture lands due to the project.

China CAMC Engineering Corporation last year signed a contract with Sri Lanka's Ministry of Irrigation and Water Resources Management to build the Yan Oya water reservoir which will solve the water problems in Sri Lanka's Eastern Province.

According to the Ministry, the project, estimated to cost US$ 176 million will boost agricultural production and inland fishery development in the Northeast.



ColomboPage - Recent 10 Stories
World Bank grants Sri Lanka $ 200 million to control non-communicable diseases - Health Minister
-- [25 minutes ago]
Three suspects including a police officer arrested for suspicious death of a constable
-- [58 minutes ago]
'Arabuma' loan scheme under 'Enterprise Sri Lanka' program targets youth
-- [1 hour and 37 minutes ago]
Sri Lankan armed forces personnel leave on a special goodwill visit to Bodh Gaya
-- [2 hours ago]
Several schools in Anuradhapura to be closed from tomorrow for Poson celebrations
-- [9 hours ago]
Pakistani passenger dies in SriLankan flight
-- [9 hours ago]
PM calls on everyone to work together for the future of the children
-- [9 hours ago]
Two suspects arrested for killing the leopard
Hitachi-Omron Terminal Solutions establishes capital and business alliance with Sri Lankan tech company Interblocks Limited
Suranga Lakmal to Captain Sri Lanka in the 3rd Test match against West Indies

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.