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DateLine Friday, 20 March 2009

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Cabinet decisions

Japanese grant of Yen 520 million for the Food Security Project for underprivileged farmers

The Cabinet has approved a memorandum submitted by President Mahinda Rajapaksa who is also the Finance and Planning Minister to sign Exchange of Notes with the Government of Japan and enter into a Grant Agreement with the Japan International Co-operation Agency for an amount of Japanese Yen 520,000,000 from Food Security Project for underprivileged farmers.


Improvement of Atabage-Dunukeulla Road

The Cabinet has approved a memorandum submitted by Plantation Industries Minister D.M. Jayarathe to acquire and develop the Atabage-Dunukeulla Road and to acquire the required lands from Udapalatha DS Division gazetted. This road will be able to access easily and quickly to the Kandy-Nuwara Eliya main road.


Financial Assistance from ADB for the Dry Zone Urban Water & Sanitation Project

The Cabinet has approved a memorandum submitted by President Mahinda Rajapaksa who is also the Finance and Planning Minister Mahinda Rajapaksa to enter into the agreements for the implementation of dry zone urban water and sanitation project.

The total investment cost of this project is US$ 113.33 mn. It includes a loan of US $ 59.78 mn from the Asian Development Fund (ADF), a grant of US$ 23.22 mn and US$ 2.0 mn from the Netherlands Trust Fund for the Water Financing Partnership Facility administered by ADB of the total cost of the project, the Government contribution will be US$ 28.33 mn.

The loan supports for the rehabilitation, expansion and development of water and sanitation infrastructure in the major towns of Vavuniya, Mannar, Chilaw and Puttlam, in the dry zone.

 

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