Austria to help develop drainage systems in Colombo

Razeena RAZICK

COLOMBO: The Sri Lankan Government signed an agreement with Bank Austria Creditnastlet A.P Institute to rehabilitate and develop the garbage and drain systems in the Colombo South area.

Austrian Government Relief loan scheme will provide funds for this project.Sri Lankan Government will receive 10.9 million euros. Under the project where a new tank will be built at Wellawatte. The drains along in Galle road, Havelock Road, Duplication Road and Beach roads will be developed and rehabilitated.

The projects will be conducted under the supervision and involvement of the Water Board. The projects are expected to be completed within thirty months.

R.A. Jayathissa Deputy Secretary to the Treasury signed the agreement representing Sri Lankan Government and senior advisor Toon Auan and senior manager Susan Kunitas of Bank Austria Creditnastlet signed on behalf of the Institute.