Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka to develop Eastern port city of Trincomalee with US$ 85 million ADB loan
Sun, Feb 10, 2013, 11:15 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 10, Colombo: Sri Lanka will develop infrastructure and local services in the northeastern port city of Trincomalee with US$ 85 million loan from the Asian Development Bank (ADB) under the Integrated Urban Development Project.

The project, while improving the infrastructure and local services in the Trincomalee Urban Development area, will also encourage private sector investment and operation through promotion programs.

Sri Lanka is planning to attract port related investments into Trincomalee.

The ADB has agreed to fund the Integrated Urban Development Project for Trincomalee and the total project cost is expected to be US$ 85 million, the government information department said.

The cabinet has approved the proposal submitted by the President, in his capacity as the Minister of Defence and Urban Development to conduct feasibility study on the project and submit a detailed report.

ColomboPage - Recent 10 Stories
Sri Lankan Minister calls for lowering energy costs to sustain country’s manufacturing competitiveness
-- [5 hours ago]
Prime Minister assures continuing the fertilizer subsidy for farmers
-- [5 hours ago]
Court issues restraining order on university students' protest march
-- [5 hours ago]
Maximum Loan-To-Value Ratio for vehicles reduced to 70 percent again
-- [6 hours ago]
Leader of Sri Lanka Marxist party faction Kumar Gunaratnam further remanded
-- [6 hours ago]
Sri Lanka's Police commission recommends disciplinary action against officers assaulted HNDA students
Colombo Stock Exchange establishes a Central Counter Party
Chairpersons appointed to parliamentary committees COPE and COPA
Tamil Nadu Chief Minister seeks immediate release of fishermen in Sri Lanka's custody
Finance Minister introduces measures to manage state resources effectively

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.