Escalating land prices, delays in acquisition:

Southern Highway construction costs increase by Rs. 2b

THE Government has to spend an additional Rs. 2 billion for the construction of the Colombo-Southern Highway due to escalating land acquisition prices and delay in releasing of lands for the completion of the project.

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ADB forecasts 6.6 pc growth for Asia despite high oil prices

DEVELOPING Asia's healthy expansion is expected to continue, with growth projected of 6.6% in both 2005 and 2006, according to a major report released by the Asian Development Bank (ADB) yesterday. But the impact of higher oil prices constitutes a major source of uncertainty.

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