FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Today at 4:38 pm

» When will supply chain disruptions ease?
by Gowri123 Today at 4:08 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Today at 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Today at 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Today at 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Yesterday at 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Yesterday at 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Yesterday at 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Yesterday at 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Yesterday at 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Yesterday at 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Mon Jun 27, 2022 8:03 pm

» Expolanka to continue its winning streak
by samaritan Mon Jun 27, 2022 9:49 am

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Mon Jun 27, 2022 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Mon Jun 27, 2022 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Mon Jun 27, 2022 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Mon Jun 27, 2022 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Mon Jun 27, 2022 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Mon Jun 27, 2022 6:34 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Full steam ahead for city beautification

Full steam ahead for city beautification

Go down  Message [Page 1 of 1]

1Full steam ahead for city beautification Empty Full steam ahead for city beautification Tue Apr 09, 2013 1:50 am

CSE.SAS

CSE.SAS
Global Moderator

By Uditha Jayasinghe
Colombo’s rapid beautification projects are to be expanded to 22 cities, while the Government is also planning to begin construction on 15,000 homes for low income people to clear land for more multi-million dollar ventures.

The 22 cities will include Bandarawela, Akuressa, Tangalle, Anuradhapura and Narammala.The Government has already partially completed 13,285 houses but needs to build an estimated 75,000 in total to house most of the low income families in the capital, Defence Ministry Spokesman Lakshman Hulugalla told media.

The funding for the facelift is coming from several companies as well as US$ 213 million from the World Bank, which will be used for infrastructure development.

In addition, the second phase of the Race Course Grounds will be opened within the next three months, with tenders already being called from companies. The former Auditor General Department premises will also be revamped and used along the Dutch Hospital model with upscale department stores and restaurants preferring these trendy locales.

However, the displacement of thousands of families has caused consternation among many, with a case being filed at the Supreme Court against removals in Slave Island.

Residents charge that the Government is not providing sufficient compensation and interim housing facilities to hundreds of families. Moreover, the removal of shops is also hampering livelihoods.

The most vociferous are 455 families resident in Slave Island, which are being moved out by the Government to make way for a US$ 405 million project by Indian company TATA.

TATA has agreed to build apartments for the displaced residents, but these will not be completed for at least another year. Hulugalla insists that the measures are adequate.

“There is an allegation from the Opposition that we are evacuating people from the Colombo municipality area to other areas, like outside Colombo. There is no truth in it. All those people will be settled down in Colombo.

Already we have started building 17,000 houses, up to now in 13,285 houses we have come into the final stages, and there are several other companies that have entered into agreements with the Urban Development Authority (UDA) to build more houses,” he said.

Stressing that the people should be “grateful that they are getting any money,” Hulugalla noted that Pakistani construction company Imperial Builders had also signed a recent agreement with the Defence and Urban Development Ministry to build more houses.
http://www.ft.lk/2013/04/09/full-steam-ahead-for-city-beautification/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum