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 commends Sri Lanka for meeting developmental goals, promises to increase aid
-- [1 hour and 17 minutes ago]
Sri Lanka PM to leave for Singapore to attend Indian Ocean Conference 2016
-- [1 hour and 55 minutes ago]
Sri Lankan government to ease restrictions on foreigners acquiring land for investments
-- [2 hours ago]
Tire market in Sri Lanka expected to reach US$ 488 million in 2016
-- [3 hours ago]
Two suspects hacked into Sri Lankan President's website produced in court
Sri Lanka signs MOU with UN-Habitat to strengthen cooperation
Evidence to implicate military intelligence officers in disappearance of journalist Prageeth Ekneligoda
Former Sri Lankan president to attend ICAPP conference in Malaysia
Sri Lanka Ports Authority to probe the fire at the Colombo Port
LTTE leaders paid defense officials of former government and escaped- Sri Lanka FM

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.