Rs.240 million Non-Project Grant from the Government of Japan for Provision of Japanese SME's Products - 2014
Published on 27 November 2014
Based on long term economic cooperation between the two countries the Government of Japan has agreed to provide grant assistance of Rs. 240 million under Non Project Grant Aid. Government of Sri Lanka has decided to utilize this grant for the provision of advanced medical equipment to improve the health care facilities to uplift the health standards of Sri Lankan citizens and provide equipment for the development of ground water resources in drought affected areas in Sri Lanka.The signing of Exchange of Notes pertaining to the above Grant took place at the Ministry of Finance and Planning. His Excellency Nobuhito Hobo, Ambassador of Japan in Sri Lanka signed the Exchange of Notes on behalf of the Government of Japan while P.B.Jayasundera, Secretary, Ministry of Finance and Planning signed on behalf of the Government of Sri Lanka
Green Power Development and Energy Efficiency Improvement Investment Program ADB Provides loan assistance of USD 150 million
Published on 21 November 2014
The demand for electricity is increasing rapidly with emerging economic activities of Sri Lanka. It is required to install additional capacity of 2502 MW to the national grid by 2020 to increase the current national electrification ratio of 96% and to fulfill future demand. Therefore, the government has given priority to ensure energy security at lowest cost while diversifying energy sources and promoting power generation through cleaner and non conventional renewable energy sources
“Maga Neguma” Integrated Road Investment Program of the Government – ADB Provides loan assistance USD 800 million
The Development Policy Framework of the Government has identified the necessity of rehabilitation and improvement of road network of the country to provide nationwide connectivity. While establishing a trunk road network with expressways and well-connected national roads, the Government wishes to improve rural road network to connect rural populations to trunk roads.Therefore, the Government has planned to implement an investment program to ensure rural road connectivity with the adjacent socio economic centers. Under this program 1,000 rural community hubs will be selected based on the population, development potentials and the distance to trunk roads. Selected national roads, provincial and local authorityroads including feeder roads will be rehabilitated to ensure the connectivity to the selected rural hubs.