Sun, 20 Jun 2021 Today's Paper

ADB provides US$ 150 mn loan for Mahaweli Water Security Investment Program

18 September 2015 06:30 pm - 0     - {{hitsCtrl.values.hits}}

A A A


Dr. R H S Samarathunga, Secretary to the Ministry of Finance on behalf of the Government of 
Sri Lanka and Sri Widowati, Country Director of ADB Sri Lanka Resident Mission on behalf of ADB, signed the two loan agreements 




The government is planning to transfer Mahaweli water to North Western, North Central and Northern Provinces under the Mahaweli Water Security Investment Program with the aim of maximizing the productivity of Mahaweli River Basin water resources. 

The total investment cost of this program is around Rs 90 billion (US$ 675 million) and the Government of Sri Lanka has entered in to two loan agreements to obtain financial assistance for the above program. ADB has agreed to provide US$ 453 million under the Multi - tranche Financing Facility MFF of ADB through three tranches for the implementation of this program.

The government contribution for the total program is US$ 108 million and the balance US$ 114 million will be arranged through co-financing.

The total investment cost of the first tranche is US$ 190 million and US$ 150 million will be obtained from ADB as loans. The government will invest the balance US$ 40 million.

Three major investment projects; Upper Elahera Canal Project, North Western Province Canal Project, Minipe Left Bank Canal Rehabilitation Project will be implemented under the above investment program. 

The construction of new and improved water conveyance and storage infrastructure under this program will increase the productivity of agricultural lands in the above provinces. Twenty five thousand farmer families under Upper Elahera Canal Project, 40,000 farmer families under North Western Province Canal Project and 15,000 farmer families under Minipe Left Bank Canal Rehabilitation Project will be directly benefited through this program. In addition, provision of safe drinking water for people living in those areas will help to prevent the Chronic Kidney Disease (CKD).

This project will be implemented by the Mahaweli Authority of Sri Lanka and Department of Irrigation under the supervision of the Ministry of Mahaweli Development and Environment.

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

  Comments - 0

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

 

 

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.

Reply To:

Name - Reply Comment


Statistical blunders expose administrative weaknesses

Information helps save lives and during a pandemic a free-flow of vital, accu

Vavuniya tusker’s demise DID TOO MANY ‘COOKS’ SPOIL JUMBO’S RECOVERY?

On June 11 Sri Lanka lost another one of its magnificent tuskers that succumb

Life and Times of Dynamic “Thamby” Arumugan Thondaman

Thamby”in Tamil means younger brother. It is also used widely as a pet name



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