Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Minister says 40 percent of funds allocated for rural road development projects in Sri Lanka wasted
Fri, Jul 11, 2014, 11:36 am SL Time, ColomboPage News Desk, Sri Lanka.

July 11, Colombo: Sri Lanka Minister of Transport Kumar Welgama says that about 40 percent of the funds allocated for development of rural roads are wasted.

Addressing the coordinating committee of his electorate, Matugama, the Minister explained how the wastage occurs.

According to the Minister, when a contract of a rural development project is given to a committee 5 percent of the contract goes to that organization as commission. Then the organization gives the project to a sub-contractor, who earns a profit of at least 10 percent.

He said that eventually only about 60 percent is actually utilized for the development project and stressed that 100 percent of the allocations are needed to be utilized in these rural area projects.

ColomboPage - Recent 10 Stories
Sri Lanka's Textured Jersey Lanka to buy Indian knit fabric manufacturer for US$ 15 million
-- [1 hour and 19 minutes ago]
World Bank lending US$ 165 million to Sri Lanka to provide safe drinking water and improved sanitation
-- [2 hours ago]
Qatar Airways to fly Dreamliner to Colombo from September 1
Sri Lankan President talks of raising per capita income to US$ 6000
Sri Lanka initiates collaboration with CERN
Sri Lanka Parliament dissolved due to inability to get 20A passed, not to cover up COPE report on bond issue - Deputy Minister
Sri Lanka Tamil party asks government to release Tamil political prisoners before diaspora festival
Extreme Sri Lankan Buddhist organization forms a political party to contest general election
Heavy industry sector still plays a critical role in Sri Lanka economy - Minister
President commends decades long service of retiring Sri Lankan consul in Hong Kong

Copyright © 2000, 2014 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.