Provisions for the execution of Port Access Elevated Highway Project
The total investment expected for this project is USD 360.2 million. The Cabinet of Ministers approved the proposal presented by Hon. Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs to obtain a foreign fund assistance of USD 300 million from Asian Development Bank with this purpose.
Provisions for the Construction of the portion of the Central Expressway from Pothuhera to Galagedara
The Government has planned to construct 32.5 km distance of Central Highway (Phase 3) from Potuhera to Galagedara under the financial support of Japanese Banks. Accordingly the Cabinet of Ministers approved the proposal presented by Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs to enter in to an agreement with MUFG,Ltd Bank in Japan for the provision of Japan Yen 100 billon for this purpose.
Technical Assistance for Urban Development Projects
The cabinet of Ministers approved the proposal presented by Hon. Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs to obtain USD 10 million as a Technical Assistance Loan from Asian Development Bank to execute the urban development Projects implemented by Ministry of Provincial Councils, Local Government and Sports and Ministry of Megapolis and Western Development. (25 Secondary cities and 4 Strategic Cities)
Provisions for executing Science and Technology Human Resource Development Project
Under the Science and Technology Human Resource Development Project, 3 Technical Faculties will be established in Kelaniya, Rajarata and Sabaragamuwa Universities and an Engineering Faculty will be establsihed in Sri Jayawardhanapura University. Accordingly the proposal presented by Hon. Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs to obtain a foreign fund of USD 145 million from Asian Development Bank for the execution of this project.
Provisions for executing Sustainable Fisheries Development Project in Northern Province
The Government expects to invest USD 201.2 for this project with the assistance of foreign funds. Accordingly the Cabinet of Ministers approved the proposal presented by Hon. Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs to obtain an assisting foreign fund of USD 174 million from Asian Development Bank for the execution of this project.
Gamperaliya – Rapid Rural Development Project 2018 -2019
The Government has planned to implement a rapid Rural Development Project “Gamperaliya” covering all the District in the country. The total Investment of this project is Rs.65,811 million. Each Divisional Secretariat will be provided Rs.200 million for the year 2018 and the project will be commenced in 3rd quarter of 2018. Accordingly the Cabinet of Ministers approved the proposal presented by Hon. Mangala Samaraweera , Minister of Finance and Media to expedite the commencement of this project.
Providing lands from Divisional Industrial Zones to Establish Industries
Considering the Direct Employment Opportunities and the investments exceeding Rs. 5 billion, the cabinet of Ministers approved the proposal presented by Hon. Rishad Bathiudeen, Minister of Industry and Commerce to allocate portions of lands in Puttalm, Nurani, Bataatha, Nalanda, Nalanda Ellawala, Laksha Uyana, Raigampura and Millawa Industrial Zones to investors selected by the Divisional Industrial Service Committee and Ministry Project evaluation committee upon the 35 year lease basis.
Developing Demuwawatha Gem Street in Rathnapura as an International Gem Street and construction of Gem Tower
The cabinet of Ministers approved the proposal presented by H.E. the President Maithripala Sirisena, in his capacity as the Minister of Mahaweli Development and Environment to construct four story building (Gem Tower) in Laimewatta Land (22 perches) located in Demuwawatha street and to establish facilities such as Business spaces, Gem Laboratory, Bank Facilities, Exporting Facilities and Custom Facilities, therein.
Providing Permanent Houses to Families affected by conflicts in Northern and Eastern Area.
Hon. Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs, presented a proposal to enter into an agreement with UNOPS and UN Habitat institutions to construct 25,000 houses (costing a housing unit Rs. 1.25 million without tax ) in Eastern and Northern Provinces. Under the 1st Phase of this project , it will be commenced the constructions of 18,000 housing units in 2018 and will be completed within 08 months, and the other 10,000 housing units will be completed in 2019. The cabinet of Ministers approved the proposal considering the recommendation of Cabinet appointed Negotiation Committee.
Polonnaruwa Sola Power Plant Project
The Government has decided to establish a 10 Megawatt Sola Power Plant in a land near the Grid Substation Valachchenai upon construction , ownership and maintenance Basis. Accordingly the Cabinet of Ministers approved the proposal presented by Hon. Ranjith Siyambalapitiya, Minister of Power and Renewable Energy to award this contract to M/s Didul (Pvt.)Ltd at a cost or Rs 12.49 per 1 Kilowatt Hour.
Developing the infrastructure facilities of Higher Educational Institutions.
The Proposal Presented by Hon. Dr. Wijayadasa Rajapaksha, Minister of Higher Education and Cultural Affairs to implement projects worth Rs.2,384.7 million to develop infrastructure facilities in University of Ruhuna, Bhikkhu University, South Eastern University, University of Sri Jayawardenapura and Sri Lanka Advance Technological Institute was approved by the Cabinet of Ministers.
Decisions taken by the Cabinet of Ministers at its meeting held on 03.07.2018
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