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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka to invest US$ 150 million in water project in Uganda

Sri Lanka to invest US$ 150 million in water project in Uganda

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Feb 11, Colombo: The Sri Lankan government has allocated US$ 150 million to invest in a project to provide safe water to the people of western Uganda.

VA Tech Wabag, the largest multinational company specializing in water treatment has, recently sent a three-man delegation from its Sri Lanka unit to explore Uganda's potential in the water sector, Uganda's leading daily New Vision reported.

Ugandan President Yoweri Museveni during his visit to Sri Lanka last November was reportedly impressed with Sri Lanka's advanced state of water treatment and distribution and has requested assistance from technologically competent companies to provide similar sustainable solutions in Uganda.

The team from the VA Tech Wabag had met President Museveni at the State House in Entebbe and expressed their eagerness to provide safe water to Ugandans. Consul General of Sri Lanka in Uganda, Kana V. Kananathan has also participated in the discussions.

During his visit to Colombo President Museveni has assured the Sri Lankan government that Uganda needed investors with real money.

President Museveni has also sought more Sri Lankan investment and expertise to set up more hydropower projects in addition to the three mini hydropower projects operated in his country by Sri Lankan investors.
http://www.colombopage.com/archive_13A/Feb11_1360573340CH.php

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
US$ 150 Mn Shocked

Donation Sad

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