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
Sri Lanka PM seeks plans to attract more tourists next three years
-- [5 hours ago]
Pakistan awards prestigious Jinnah Scholarships for Sri Lankan Youth
-- [5 hours ago]
Democratic government cannot keep mum at a time a minor extremist group has taken people hostage - Sri Lanka FM
-- [6 hours ago]
New Sri Lanka Police Media Spokesperson appointed
-- [6 hours ago]
Sri Lankan Navy, Air Force officers train on Indian Navy Dornier craft
-- [7 hours ago]
IUSF Convener Lahiru Weerasekara remanded until July 5
-- [8 hours ago]
Top Sri Lankan economist Prof Saman Kelegama passes away in Thailand
India, Sri Lanka MoU for cooperation in Traditional Systems of Medicine and Homoeopathy
We will build a better society in Buddhist environment while protecting other religions - President
Sri Lanka Navy arrests 17 Indian fishermen for poaching in island waters

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.