Home / Front Page/ Rs. 59.5 b JICA loan for water supply and rural development

Rs. 59.5 b JICA loan for water supply and rural development


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 21 March 2017 00:00


  • Govt. to also borrow Rs. 11 b from Saudi Fund for Wayamba township project 

 

Two loans totalling Rs. 59.5 billion have been approved by the Japan International Cooperation Agency (JICA) for the Kalu Ganga water supply expansion project and rural infrastructure development venture by the Government. 

Both loans were approved on a Cabinet paper submitted by Prime Minister Ranil Wickremesinghe last week. The Kalu Ganga project will utilise Rs. 42.2 billion for improving the 70-year water supply system in the Kalutara District. 

The rural infrastructure development projects to absorb Rs. 17.3 billion in funds from JICA though details of the assets to be developed were not released to the media. 

The Government will also borrow $ 73 million or about Rs. 11.1 billion from the Saudi Fund for the development of the Wayamba Township Development Programme, which was approved through a Cabinet paper by Finance Minister Ravi Karunanayake.      


Share This Article


COMMENTS

Today's Columnists

Lessons from Geneva

Saturday, 21 October 2017

‘Mission Impossible – Geneva’ is an inspiring account of developments at the Human Rights Council in Geneva when Dayan Jayatilleka was our Permanent Representative there. It is written by his wife Sanja, which provides for fascinating insights


Xi Jinping to enhance military power while keeping economic growth “moderate”

Saturday, 21 October 2017

In his keynote address on the opening day of the 19th Congress of the Chinese Communist Party (CCP) in Beijing on Wednesday, the Chinese President and party supremo, Xi Jinping, made two points of great relevance to the rest of the world. One is tha


Priming the pump to make your MP jump

Friday, 20 October 2017

Here’s a radical idea. What if – instead of liking it or lumping it as you do for years on end – the voter could hold his or her Member of Parliament accountable for their performance?


Eyes wide shut: Fate of our times

Friday, 20 October 2017

‘Eyes Wide Shut’ was the title of a film by famed director Stanley Kubrick. Loaded with Freudian sub-currents, the film was about an occult society that eliminates any one who cross its path. A theme that would no doubt appeal to a buccaneer prim


Columnists More