Sri Lankan government to launch river project in the Northern Province
Sri Lanka’s Cabinet of Ministers has approved a project to develop a river in the country’s Northern Province.
The project has been approved with the objective of overcoming the water shortage in the northern Jaffna peninsula.
According to the approval granted by Cabinet, the project will be carried out at the cost of Rs. 3,609 million will be implemented in two phases over a period of five years.
The project includes plans to reduce salinity in wells bordering the Vadamarachchi Lagoon, increasing the water for agriculture by providing eight million cubic meters of fresh water per year to the said area, and increasing the water availability for drinking and domestic purposes, local media reports state.
Reports further state that the project will also assist in developing 12,610 hectares of unutilised lands and 1,315 hectares of lands used for paddy, field crops, plantation and grazing purposes and over 300,000 people are expected to benefit from this.
OSL take:
The aggressive development programme that covers all key economic sectors islandwide has expanded business/investment opportunities in Sri Lanka. The proposed river project in the Northern Province would be a large scale programme that would create many direct and indirect business/investment opportunities in the island.
| Article Code : | VBS/AT/23102019/Z_1 |