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MR urges WB to focus on large core Projects

16 July 2013 04:13 pm - 5     - {{hitsCtrl.values.hits}}

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In a meeting with the World Bank’s Executive Director for Sri Lanka, India, Bangladesh and Bhutan Mr. Mukesh Prasad today, President Mahinda Rajapaksa urged the Bank to focus more on large core projects rather than smaller projects that have a lesser impact.

Issuing a statement the President’s Office said that Mr. Prasad agreed and said that the World Bank too has begun to focus more on larger “transformational projects that have a direct bearing on the goals of the country.”

An example of a successful Bank-funded project is the work done on urban development in Colombo, which has helped lessen the flooding that the city used to experience, the President said. President Rajapaksa also requested Mr. Prasad’s assistance in accelerating the project approval process, noting that it currently takes a very long time for the project documentation to be processed, which causes further delays to the project’s implementation, the statement said.

While noting that current Bank-funded projects are progressing well, Mr. Prasad said, “It should be possible to do more.”

Also present at the meeting were Secretary to the Treasury Dr. P.B. Jayasundera and President’s Chief-of-Staff Gamini Senarath.
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  • Sirisaman Aluthrathn Thursday, 18 July 2013 12:06 PM

    Hambanthota means Helping Hambanthota ?

    Calistus Jayatilleke Wednesday, 17 July 2013 11:39 AM

    The message is loud and clear: Bigger the project. bigger the percentage of commission!

    MufaHussain Tuesday, 16 July 2013 04:44 PM

    Yes, so he and the family can go for LARGE scale of commotion and can build few more Airports in eastern, central and North provinces with sons names... We are heading toward the miracle of ASIA

    dass Tuesday, 16 July 2013 05:05 PM

    "ethakota thamai kuttiya loku wenne"

    Ampattan Tuesday, 16 July 2013 05:43 PM

    Sir, you mean big projects like Hambantota Port and Mattalan Airport?


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