Maga Neguma to take more projects to make it profitable: Minister Johnston

29 December 2019 01:19 pm - 5 - {{hitsCtrl.values.hits}}

A A A

Steps would be taken to integrate more new projects into Maga Neguma to make Maga Neguma a profitable venture, Minister of Roads & Highways Johnston Fernando said.

“That will make Maga Neguma stand on its own,” he said.

He said the monthly operational cost of the Maga Neguma institution was around Rs. 70 million and it was compulsory to be a profitable company.

He made these remarks during a meeting held at the Road Development Authority (RDA).

Minister Fernando said that it was not possible for the government to grant the costs of the venture.

“It is my primary objective to alter Maga Neguma Company to become a profitable firm,” he said.

“Maga Neguma Company has sites which produce raw materials needed in road constructions and those should be shifted to its own sites leading to more profits,” the Minister added.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 5

Anmanpan Sunday, 29 December 2019 01:36 PM

He He He. A man with no substance speaking on civil engineering. What a joke.

Sarath Sunday, 29 December 2019 02:26 PM

More projects, more commission! Old habits coming out again

roland boniface Sunday, 29 December 2019 04:01 PM

Make these sites recreational ones, so that people could start playing carom at a competitive level .

Dhusana Sunday, 29 December 2019 04:08 PM

In any future Govt. , he cases against him will multiply !

Hari j Sunday, 29 December 2019 06:08 PM

Nice, was he not the guy who was aquited in corruption charges? Good habbits die hard

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Maga Neguma to take more projects to make it profitable: Minister Johnston

Comments - 5

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

23 year old youth ends up having his testicles removed

Sri Lanka defaults on USD 6 billion payment despite rising reserves: Patali

Confusion remains if April 15 is a bank holiday

Train fails to halt, crashes onto Colombo Fort platform

No decision to declare April 15 as public holiday

Suspicious death of 23-year-old woman at hotel sparks concerns

MIRROR CRICKET

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

Amir, Wasim return to Pakistan national team

Sri Lanka captain quashes retirement speculation; sets sight on T20 World Cup Qualifiers

TODAY'S HEADLINES

Ruwan calls on Kotte Sri Kalyani Mahanayake Thera

Effectiveness of Sri Lanka’s legal system is questioned over alleged corruption: Chief Delegate

Public inconvenienced due to lack of transport

Ex-soldiers joining Russian military as mercenaries, Sri Lanka seeks details

Mendis, Mathews move up in ICC Test Rankings

Security raised for Champions League ties after threat

SLA target four events at Paris Olympic Games

Chamodi, Dewmi spins Sri Lanka U19 Women to big win