Under Stage I:
Govt to spend Rs. 1 billion on Northern roads
The Sri Lanka Highways Ministry will spend one
billion rupees this year to implement Stage I of the proposed
strategy for the National Road Development Program in the Northern
province, with the assistance of the security forces, said Director,
Planning, Road Development Authority, H.M.K.G.G. Bandara. He was
speaking on ‘Road Transport Requirement for the North and East’ at a
seminar on ‘Reawakening of the North and the East’ at the Galadari
Hotel recently.
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Business chambers hail Government’s achievement
IMF Stand-by facility :
The Executive Board of the International
Monetary Fund (IMF) approved a 20-month Stand-By Arrangement for Sri
Lanka in an amount equivalent to SDR 1.65 billion (about US$2.6
billion) to support the country’s economic reform program last
Friday.
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New transformer to boost power in the North
The Government's 180 day Uthuru Vasanthaya
electrification program of the Northern Province will be launched
with a new transformer with a capacity of 50 MW to be installed at
the Ulapola grid station Vavuniya, an official of the Ceylon
Electricity Board (CEB) said.
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Shivajothi takes over 100 percent shares of First
Barakah Investments:
Management change brings total share capital to over Rs. 200m
Almost 100 percent of First Barakah Investments
Limited shares have been taken over by Shivajothi, the current
Chairman of the company.
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