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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Corruption in Sri Lanka - Devil is not so black as he is painted....

Corruption in Sri Lanka - Devil is not so black as he is painted....

Go down  Message [Page 1 of 1]

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics
http://piyalperera.deleted.com/2014/12/corruption-in-sri-lanka-devil-is-not-so.html

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@piyalpy wrote:http://piyalperera.deleted.com/2014/12/corruption-in-sri-lanka-devil-is-not-so.html

Web page is not available....!!!.Plz reload...!!

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics
http://www.piyalperera.deleted.com/2014/12/corruption-in-sri-lanka-devil-is-not-so.html

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics
Please replace the word 'deleted' with 'deleted' in the URL. Something is happening to posted URL address. Very Happy

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics
Champika ranawaka's alapalu artikaya, book reveals that 60 milion estimated project cost increased upto 1,200/- million for a one km railway track. This is unbelievable and amount of commission percentage around 2,000%. Dr.Harsha de Silva also confirmed the same thing in a media briefing.
Let us do an analysis this so called ‘corruption’ deal.

The reconstruction of the northern railway, along with creation of a modern signalling and communication network, is a very complex project, particularly given, the complete destruction and the earlier railway infrastructure during the war. IRCON Inter national Limited, a state-owned construction firm of India, executed the 252 km long Northern Railway Project in Sri Lanka under the lines of credit extended by the Government of India.It is highlighted that the Indian credit was made available at only 0.5% interest rate over LIBOT (with a cap in case interest rates rise in future) and the repayment period is 20 years, including a 5 year moratorium. This certainly is not the cause of increase in Sri Lanka’s debt obligations. So, if any commission paid should be classified as paid by a government for a government. I feel that that kind of things corruption or commission accusations are very far from the truth.

Under a concessional credit line amounting to about US$ 800 million provided by the Government of India.
What is the base for this ‘corruption’ allegations?
This so called ‘corruption’ detail suggested by former Sri Lanka Railway general manager (2009-2010) and Indian government promptly issued a communique after that.
Former GM pointed out the following facts
Sri Lanka engineers rehabilitated tsunami devastated Southern railway track $1000 per KM
Indian company reconstructed Kaluthara - Matara section $800,000 per KM.
Sri Lanka railway engineers reconstructed Vavuniya and Omanthai section $400,000 per KM
So, now the point is
Sri Lanka railway engineers submitted proposal to build Pallai - KKS line $600,000 per KM
Indian reconstructed this Pallai - KKS line at the cost of $2,600,000.
This is ‘corrupted’ amount is $2,000,000. It is huge amout. Isn’t it?

Indian government promptly replied about these mathematics are baseless and childish in nature. They said that this rail track constructed to enable the trains to travel up to speeds of 120 km/hr, while the weight capacity increased to 22 metric tons. Sri Lanka railway engineers estimated is good for normal old-style rail track and even they haven’t thought about modern signalling setup and expanded corridors/bridges for future developments.

The project aim is ‘You will be able to travel from Kataragama to Bodh Gaya in India on a common ticket’
http://www.piyalperera.deleted.com/2014/12/corruption-in-sri-lanka-devil-is-not-so.html

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics
the word බ්ලොග් ස්පොට් in English replaced by the word ‘deleted’. Adjust it locally in the URL. Very Happy

nalban


Manager - Equity Analytics
Manager - Equity Analytics
Thanks bro for putting this post of, A lot of unsubstantiated corruption charges going on.
people exaggerate it so much we cannot find the truth. similar thing happened when various elements gave no of civilians killed at the final face of the war.

I am glad to see some good fact based analysis happening in this forum.
This country cannot be taken backward, this is a blessed land. Truth and justice will prevail in the long run and people with common sense will make a practical sensible choice on Jan 8th.

SHARK aka TAH

SHARK aka TAH
Expert
Expert
@Piyal
So you mean to say our Railway Engineers are fools and did not consider all what the Indians said.....

We are bragging so much about our Engineers Doctors and their skills .......

We use to say our doctors are much better than our counterparts, now its the otherway around.

That's why Patali said we should also have a Technical Evaluation Team, these smart corrupt fellows come up with all sorts of cock and bull stories saying it has the capacity and developed to equip modern signaling bla bla to cover the amount of corruption.

And do you really believe these stories Very Happy

Just think will you buy it .......600k and 2600k is a big difference, its our/your tax money at work.

somebody is getting rich at our expense

SHARK aka TAH

SHARK aka TAH
Expert
Expert
The headline is the worst thing a citizen can say about current state of affairs in this country.

Some are robing us and to say its ok with us ........ is equally a bigger crime than robin actually Very Happy

what ever said and done the fair minded citizens in this country will teach a lesson on 8th Jan 2015 for all those stealing public money

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics
https://www.youtube.com/watch?v=FZJ1Gi-YzqQ

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
What is in this article is also not true? this SL engineer has done a good analysis. can someone prove me this is wrong?

http://www.sundaytimes.lk/141221/news/road-building-or-rip-off-128259.html

IO3+O


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Corruption in Sri Lanka - Devil is not so black as he is painted.... 10849810

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Solangaarachchi challenges Namal:

“I like to invite MP Rajapaksa to a debate before the presidential election on his organization. He can even bring 20 people to debate with only two from our side,” he said.

- See more at:
http://www.dailymirror.lk/59473/solangaarachchi-challenges-namal-for-debate

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