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සංවර්ධන News
- Thread starter monson
- Start date
2016 February
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May walin passe mukuth wela nane ban.ara wateta gahala thiyena kola paata redda galawapu eka witharai matanam pena ekama wenasa
redda gahagena athule wada karala neda galawanne. oka gana kisima news ekak hoyaganna site ekak naha. trc eken neda hadanne.
Section 1 - Kadawatha to Kossinna(5km), Kossinna to Mirigama(32.5km)
Funded by Exim Bank of China. Contract awarded to Metallurgical Corporation of China (MCC) in July 2015 and under construction.
Section 2 - Mirigama to Kurunegala(39.29 km) and and Ambepussa link road (9.3km)
Funded by Exim Bank of China. The contracts were awarded to the following consortia in November 2016:
Package A of 9.81km to the ICC, Access Engineering, Nawaloka joint venture
Package B of 10.20km to Sierra, Olympus, Tudawe, and CEC joint venture
Package C of 10.88km to KDAW, NEM, E&C consortium
Package D of 8.5 km to MAGA, CML-MTD consortium
Section 3 - Pothuhera to Galagedara(32.5km)
Funded by Bank of Tokyo-Mitsubishi UFJ. Contract awarded to Fujita Corporation, Japan in November 2016.
Section 4 - Kurunegala to Dambulla (60.3km)
At design stage and will be funded by Exim Bank of China and contract will be given to a Chinese firm.
Source: economynext.com, lbo.lk, sundaytimes.lk, ft.lk, dailynews,lk
Last edited:
Govt. targets $ 3 b FDI in 2017
By Charumini de Silva
The Government has targeted attracting an ambitious $ 3 billion in Foreign Direct Investment (FDI) commitments with most to arrive in the first quarter of 2017, a top Minister said yesterday, insisting that the time had come “to take flight.”
“We are expecting around $ 3-$ 4 billion in investments in the areas of dairy, petroleum, energy and fisheries,” Finance Minister Ravi Karunanayake told reporters yesterday. 1
The Minister reiterated his criticism of the previous Government led by President Mahinda Rajapaksa saying that loans were obtained for public investment “but called FDIs.” He stressed that the coalition Government would quantify genuine FDIs.
“You will see a huge increase in investments. On 7, 8, 9 and 10 January 2017 you will see how 50 major investments will commence,” said Karunanayake. “We are working tirelessly to rectify and put the system in place for the country to grow at a rapid pace.”
“All this time we worked without a sound but we will show the outcome of the vigorous work that we have done so far. It took some time to get formal approvals but now I guess it is time to take flight.”
The Government has already announced plans to lease 80% of the Hambantota Port to State-run China Merchants Holdings for $ 1.1 billion with the handover likely to take place in January to coincide with the second anniversary of President Maithripala Sirisena’s inauguration.
Referring to the non-strategic enterprises and loan repayment plans of the Government, Karunanayake said it intended to pay off high interest debts immediately so that the balance would be used to build reserves as well as to insulate the Sri Lankan economy from growing global vulnerabilities exacerbated by the US Federal Reserve planning to hike rates three times in 2017.
“The first amount of money came into the country today and the next will come in another three months,” he claimed. “Through this the debt burden on the public will be reduced completely. What we have done is ensure that the high interest rates are swapped for low interest rates by doing various financially acceptable prudent actions. Thereby the country’s debt servicing will be reduced significantly through capital amortisation,” he added.
According to the Minister, around $ 760 million worth of debt with an 8% interest rate needs to be serviced, although he insisted they were not obtained from one country.
- http://www.ft.lk/article/585936/Govt--targets---3-b-FDI-in-2017
By Charumini de Silva
The Government has targeted attracting an ambitious $ 3 billion in Foreign Direct Investment (FDI) commitments with most to arrive in the first quarter of 2017, a top Minister said yesterday, insisting that the time had come “to take flight.”
“We are expecting around $ 3-$ 4 billion in investments in the areas of dairy, petroleum, energy and fisheries,” Finance Minister Ravi Karunanayake told reporters yesterday. 1
The Minister reiterated his criticism of the previous Government led by President Mahinda Rajapaksa saying that loans were obtained for public investment “but called FDIs.” He stressed that the coalition Government would quantify genuine FDIs.
“You will see a huge increase in investments. On 7, 8, 9 and 10 January 2017 you will see how 50 major investments will commence,” said Karunanayake. “We are working tirelessly to rectify and put the system in place for the country to grow at a rapid pace.”
“All this time we worked without a sound but we will show the outcome of the vigorous work that we have done so far. It took some time to get formal approvals but now I guess it is time to take flight.”
The Government has already announced plans to lease 80% of the Hambantota Port to State-run China Merchants Holdings for $ 1.1 billion with the handover likely to take place in January to coincide with the second anniversary of President Maithripala Sirisena’s inauguration.
Referring to the non-strategic enterprises and loan repayment plans of the Government, Karunanayake said it intended to pay off high interest debts immediately so that the balance would be used to build reserves as well as to insulate the Sri Lankan economy from growing global vulnerabilities exacerbated by the US Federal Reserve planning to hike rates three times in 2017.
“The first amount of money came into the country today and the next will come in another three months,” he claimed. “Through this the debt burden on the public will be reduced completely. What we have done is ensure that the high interest rates are swapped for low interest rates by doing various financially acceptable prudent actions. Thereby the country’s debt servicing will be reduced significantly through capital amortisation,” he added.
According to the Minister, around $ 760 million worth of debt with an 8% interest rate needs to be serviced, although he insisted they were not obtained from one country.
- http://www.ft.lk/article/585936/Govt--targets---3-b-FDI-in-2017
ශ්රී ලංකාවට ලෝක බැංකුවෙන් ඩොලර් මිලියන 1340ක්
December 16, 2016 10:01 pm
ශ්රී ලංකාවේ සංවර්ධන කටයුතු සඳහා අමෙරිකානු ඩොලර් මිලියන 1340ක සහන ණය මුදලක් ලබාදීමට ලෝක බැංකුව එකඟතාව පළ කර තිබේ.
මුදල් අමාත්ය රවි කරුණානායක මහතා පැවසුවේ අද දිනයේදී ලෝක බැංකුව එය නිල වශයෙන් දැනුම් දුන් බවයි.
ලෝක බැංකුව, ශ්රී ලංකාව අරම්භ කර ඇති සංවර්ධන ක්රම උපයන් පිළිබඳව විශ්වාසයෙන් මෙම ණය මුදල ලබා දීමට තීරණය කර ඇති බව පැවසීය.
- http://sinhala.adaderana.lk/news/67087/-ශ්රී-ලංකාවට-ලෝක-බැංකුවෙන්-ඩොලර්-මිලියන-1340ක්
December 16, 2016 10:01 pm
ශ්රී ලංකාවේ සංවර්ධන කටයුතු සඳහා අමෙරිකානු ඩොලර් මිලියන 1340ක සහන ණය මුදලක් ලබාදීමට ලෝක බැංකුව එකඟතාව පළ කර තිබේ.
මුදල් අමාත්ය රවි කරුණානායක මහතා පැවසුවේ අද දිනයේදී ලෝක බැංකුව එය නිල වශයෙන් දැනුම් දුන් බවයි.
ලෝක බැංකුව, ශ්රී ලංකාව අරම්භ කර ඇති සංවර්ධන ක්රම උපයන් පිළිබඳව විශ්වාසයෙන් මෙම ණය මුදල ලබා දීමට තීරණය කර ඇති බව පැවසීය.
- http://sinhala.adaderana.lk/news/67087/-ශ්රී-ලංකාවට-ලෝක-බැංකුවෙන්-ඩොලර්-මිලියන-1340ක්
U.S. Millennium Challenge Corp grants for Sri Lanka
Dec 15, 2016 18:00 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka is among countries selected by Millennium Challenge Corporation (MCC), a U.S. government aid agency, to receive five-year grants aimed at encouraging economic growth and reducing poverty.
A statement said that at its quarterly meeting on December 13, 2016, the MCC Board of Directors selected Sri Lanka, Burkina Faso and Tunisia for new MCC compacts – five-year grants.
“MCC’s considerable support is a major boost to our six decades of development partnership with the people of Sri Lanka,” said U.S. Ambassador to Sri Lanka Atul Keshap.
For a country to be selected as eligible for MCC assistance, it must demonstrate a commitment to just and democratic governance, investments in its people, and economic freedom, as measured by third-party policy indicators on MCC’s annual scorecard.
“By partnering with developing countries that meet rigorous standards for good governance, from fighting corruption to respecting the rights of women and the rule of law, we are maximizing our ability to fight poverty and transform people’s lives,” MCC Chief Executive Officer Dana J. Hyde said.
Sri Lanka, which was selected in December 2015 for a threshold program, will now transition into the compact program after showing continued improvement on its scorecard, including demonstrated progress on democratic rights, the statement said.
More:
- http://www.economynext.com/U.S._Millennium_Challenge_Corp_grants_for_Sri_Lanka-3-6873-1.html
Dec 15, 2016 18:00 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka is among countries selected by Millennium Challenge Corporation (MCC), a U.S. government aid agency, to receive five-year grants aimed at encouraging economic growth and reducing poverty.
A statement said that at its quarterly meeting on December 13, 2016, the MCC Board of Directors selected Sri Lanka, Burkina Faso and Tunisia for new MCC compacts – five-year grants.
“MCC’s considerable support is a major boost to our six decades of development partnership with the people of Sri Lanka,” said U.S. Ambassador to Sri Lanka Atul Keshap.
For a country to be selected as eligible for MCC assistance, it must demonstrate a commitment to just and democratic governance, investments in its people, and economic freedom, as measured by third-party policy indicators on MCC’s annual scorecard.
“By partnering with developing countries that meet rigorous standards for good governance, from fighting corruption to respecting the rights of women and the rule of law, we are maximizing our ability to fight poverty and transform people’s lives,” MCC Chief Executive Officer Dana J. Hyde said.
Sri Lanka, which was selected in December 2015 for a threshold program, will now transition into the compact program after showing continued improvement on its scorecard, including demonstrated progress on democratic rights, the statement said.
More:
- http://www.economynext.com/U.S._Millennium_Challenge_Corp_grants_for_Sri_Lanka-3-6873-1.html
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