Sri Lanka to construct water supply system in the Northern city of Jaffna
The government of Sri Lanka is to sign a contract to construct a water supply system and pipe laying in the urban areas of Sri Lanka’s northern city of Jaffna.
Sri Lanka’s Cabinet of Ministers had granted approval for the proposals tabled by the country’s Minister of Water Supply Vasudeva Nanayakkara to award the contract for the construction of water supplying systems and pipe laying in the Jaffna urban area.
According to reports, this project is one of the components of the Jaffna-Kilinochchi Water Supply and Sanitation Project and was awarded to India’s M/S National Contracting Company (NCC) for a sum of Rs. 3,160.20 million (including VAT) on the recommendations made by the standing committee on procurement appointed by the Cabinet of Ministers.
OSL take:
Sri Lanka’s development programme carried out island wide has opened up many business/investment opportunities for foreign businesses/investors. The economic expansion in Sri Lanka has resulted in many opportunities arising in all key economic sectors in the country. Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region.
| Article Code : | VBS/AT/18112020/Z_2 |