Solar power to power Trincomalee with Indian help
A month after Sri Lanka rejecting the coal power project involving the NTPC, in Trincomalee, India has offered to build a solar power plant in the port town to fill the power void to the national grid.Presently the island runs on a total power generation capacity of 4,050 MW.In his recent meeting with President Maithripala Sirisena in Goa, Prime Minister Narendra Modi brought up the matter on the sidelines of the BRICS summit.Read More
Appropriation Bill 2017 to cut corners
The total recurrent expenditure is Rs. 1.208 trillion rupees while total capital expenditure is Rs. 610 billion according to the Appropriation Bill 2017.Trimmed budgets for:Defense- a marginal decrease for the 1st time since the war ended. Brought down to Rs. 284.04 billion from Rs. 306 .6 billion.Healthcare-deducted to Rs. 160.97 billion from Rs. 174.077 billion.Education- 58% reduction from Rs. 185.97 billion in the 2016 to Rs. 76.94 billion for 2017.
Provincial councils and local govt.
Expressions of Interest pour in to Government Mega-Projects
Government has found a partner for Mattala Airport on debt-equity swap arrangement.The unity government has shortlisted 4 major airline companies to revive debt-ridden national carrier SriLankan Airlines.Out of a total of 10 expressions of interest (EOIs), 7 companies were selected and the government has now shortlisted 4.Read More
Sleeping Hambantota Port attracts a Chinese investor
Signing of Hambantota Port PPP soon.The unity government has finally found a viable partner to revive the Hambantota Port.The Sino-Lanka partnership would draw $ 1,100 million worth of investment to the island thus increasing the foreign reserves significantly.Read More
210 years of romance bottled for hospitality
‘Lavinia’ perfume was created to celebrate a legendary 210 year love story in its true Sri Lankan charm.The romantic legacy of Governor Thomas Maitland and Lovina Aponsuwa that blossomed at the property, which he named ‘Mount Lavinia’ in dedication to her is now an iconic hotel catering to the discerning globe trotters.Read More
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