Maga Engineering gets Rs. 2.6 billion water project in Anuradhapura, Sri Lanka
EconomyNext: Sri Lanka’s cabinet has cleared awarding a JICA funded contract valued at 628.10 million Japanese Yen (2,660.70 million rupees) for the expansion of the Anuradhapura North Water Supply Project Phase II to Maga Engineering (Pvt) Ltd, minister Vijitha Herath said.
The contract is for laying distribution mains and providing service connections in the Kahatagas Digiliya, Horowpathana, and Rambewa divisional secretariat divisions, aimed at providing safe drinking water to areas currently dependent on unsafe groundwater.
The project is being funded by the Japan International Cooperation Agency (JICA) alongside the Government of Sri Lanka to improve water coverage in the Anuradhapura district.
Herath told reporters that the move follows a selection process initiated in 2022 under the National Competitive Bidding Procedure.
JICA has agreed to the price adjustments based on recommendations from the High-Level Standing Procurement Committee to ensure the project remains viable despite price level changes since the initial bidding, he said.
The second phase of the Anuradhapura North Water Supply Project aims to cover 164 Grama Niladhari divisions across Padaviya, Kebitigollewa, Horowpathana, Kahatagasdigiliya, Rambewa, and Medawachchiya.
On March 30, the cabinet had previously approved similar work for the Padaviya and Kebitigollewa divisions as part of the same initiative.
The project is considered a priority for the region, which has long struggled with water-borne health issues due to the lack of access to treated pipe-borne water.
OSL take:
The business/investment opportunities in Sri Lanka’s development programme are lucrative ones with most of the projects already having funds pledged by multilateral financial institutions. Even the rebuilding projects launched after Cyclone Ditwah last year have further presented business/investment opportunities for those on the lookout for ventures in Sri Lanka. With Sri Lanka on a growth path with a focus on becoming a hub in the South Asian region, the need to be prepared to meet the increasing and evolving demands of an expanding economy, there are a host of business/investment opportunities in the development of infrastructure and supplementary infrastructure facilities required by the country. Foreign businesses/investors could therefore confidently explore the expanding business/investment opportunities in Sri Lanka’s many development programmes covering all sectors of the economy in all parts of the country.
| Article Code : | VBS/AT/20260410/Z_4 |