Aug 24, Colombo: Sri Lanka has acquired Rs. 500 million worth new machinery and equipment for the development of the infrastructure in the country's capital Colombo under the Metro Colombo Urban Development Project.
The new dreading machines and equipment obtained with a World Bank concessionary loan were ceremonially handed over by to the Sri Lanka Land Reclamation and Development Corporation by the Minister of Economic Development Basil Rajapaksa Friday (23).
This is a vital move and a step forward for the Corporation, as most of the dredging machineries are being hired from costly outside sources.
The economic development of Colombo city has been hindered by improper flood management infrastructure, poor design and maintenance of drainage systems and lack of integrated flood management system, the government says.
The government has formulated Metro Colombo Urban Development Project to reduce the adverse physical and socio economic impact of flooding in the Colombo Metropolitan Area (CMA) and to improve overall capacity of land use and economic activities.
The Project, one of the key urban regeneration projects implemented by the Ministry of Defence and Urban Development, aims at reducing floods while improving necessary infrastructure and services in the Metro Colombo Region.
The International Bank for Reconstruction and Development (IBRD) of the World Bank has agreed to provide financial assistance of US$ 213 million for implementation of the Metro Colombo Urban Development Project.
The recently opened seven public convenience complexes conforming to the international standards were one of the first outcomes of the Project. Commencement of another fourteen sub-projects on infrastructure development and canal bank rehabilitation is also in the pipeline.
The machineries handed over to the Corporation include 5 DOOSAN Amphibious Excavators, 4 DOOSAN Crawler Excavators (14 ton), 10 DOOSAN Crawler Excavators (20 ton), 6 DOOSAN Long Reach Excavators (20 ton), 4 Push Boats, 2 CATERPILLAR Mini Excavators and 100 Working Platforms.
Secretary to the Ministry of Defence and Urban Development Gotabhaya Rajapaksa and the Country Director of the World Bank also participated in the ceremony.