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 Democratic Party Provincial Councilor to join the UNP
-- [7 hours ago]
Peace has brought many benefits to Sri Lanka - UK
-- [7 hours ago]
Sri Lankan President opens shopping complex in renovated Old Dutch Hospital in Galle Fort
-- [8 hours ago]
Preferential Vote Results in Uva Province
-- [8 hours ago]
UNP chief ministerial candidate Harin Fernando tops preferential votes at Uva PC election
-- [8 hours ago]
Ruling party claims victory at Sri Lanka's Uva PC election while opposition makes substantial gains
Final results for Monaragala district at Sri Lanka's Uva Provincial Council election
Final results for Badulla district at Sri Lanka's Uva Provincial Council election
Election results for Monaragala district of Uva Province
Complete election results for Badulla district of Uva Province

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.