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Monday, 27 July 2009

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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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The new transformer



 
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