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

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

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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.

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  • 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


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