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
Militant Buddhist monk organization in Sri Lanka invades Ministry of Buddhist Affairs again
-- [50 minutes ago]
Factions of Sri Lanka doctors' union at national hospital clash
-- [1 hour and 3 minutes ago]
Minor staff employees of Sri Lanka government hospitals stage protest in capital city
-- [1 hour and 17 minutes ago]
Sri Lanka's Rajarata University to reopen on August 04 after a month-long closing
-- [1 hour and 46 minutes ago]
IMF Executive Director, President discuss Sri Lanka's role in Asian region
-- [1 hour and 57 minutes ago]
Massive investments Sri Lanka made must be utilized for greater economic benefits - President
-- [2 hours ago]
Former LTTE members in Sri Lanka tour the South
Sri Lankan government allocates Rs. 5.8 billion to develop North Central Province
Fitch assigns Sri Lanka's first dollar bond fund 'BB-'
Sri Lanka needs to increase revenues to maintain current economic growth - IMF

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.