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
Key suspect in killing of a police sub-inspector dies in police shooting
-- [2 hours ago]
No problem of any member state of EU objecting to grant GSP+ to Sri Lanka - MEP Niranjan Deva Adithya
-- [2 hours ago]
Will protect trade union rights and democracy, Field Marshal Sarath Fonseka says
-- [2 hours ago]
Sri Lankan President invites Malaysian investors to explore investment opportunities in Sri Lanka
-- [4 hours ago]
Transponders for monitoring deep sea fishing vessels from the ground delivered
-- [4 hours ago]
President appoints 25 Presidentís Counsels
-- [5 hours ago]
Joint Indo-Lanka working group to be formed to explore infrastructure development in Sri Lanka
-- [5 hours ago]
Iran, Sri Lanka call for expansion of all-out defense cooperation
-- [7 hours ago]
Sri Lankan exporters' delegation participates in SIAL 2017 Canada
-- [7 hours ago]
European parliament votes in favor of granting GSP+ to Sri Lanka
-- [8 hours ago]

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.