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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Synergies of possible merger between Sampath Bank and PABC
by CHRONICLE™ Today at 5:42 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by Sstar Today at 3:29 pm

» ACCESS ENGINEERING ( AEL.N )
by ADVENTUS Today at 1:50 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Today at 12:40 pm

» Prime Lands Residencies Limited (PLR)
by Nandun Today at 10:42 am

» GLAS will be winner with Super Gain.
by SL-INVESTOR Today at 9:14 am

» "MFL" DEAL to 12 RS (multi finance plc)
by sahan8896 Today at 7:48 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Yesterday at 11:51 pm

» Growing Fear
by Wickyz Yesterday at 8:15 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 7:40 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Yesterday at 3:31 pm

» HNB to merge with Seylan Bank?
by reyaz Yesterday at 11:37 am

» There are howmany funds in Sri Lanka?
by reyaz Tue May 04, 2021 4:52 pm

» Positive for BIL
by samaritan Tue May 04, 2021 3:33 pm

» The Introduction of COVID 19 Vaccine and CSE
by Mr. X Tue May 04, 2021 1:22 pm

» HAYLEYS FIBRE PLC (HEXP.N0000)
by samaritan Tue May 04, 2021 1:21 pm

» Next market support level
by celtic tiger Tue May 04, 2021 1:17 pm

» NDB.R An opportunity not to be missed
by stocknoob Tue May 04, 2021 12:56 pm

» Lanka Aluminum
by stockchaser Tue May 04, 2021 11:33 am

» Ban of chemical fertilizers is a great news
by Mr. X Tue May 04, 2021 9:43 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CONSTRUCTION BOOM!!!!

CONSTRUCTION BOOM!!!!

Go down  Message [Page 1 of 1]

1CONSTRUCTION BOOM!!!!  Empty CONSTRUCTION BOOM!!!! Thu Feb 02, 2017 8:13 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[size=48]Private sector should go global, says PM
[/size]



0
[size]

Comments / CONSTRUCTION BOOM!!!!  V-icon4  306 Views / Thursday, 2 February 2017 00:36
 1  0[/size]




  • Central Expressway Phase II for local contractors kicks off
  • Ranil says time for local companies to use opportunities to target int’l projects
  • 800-acre investment zone in Bingiriya, former VOC land in Puttalam likely to be converted into a zone
  • Defends coalition Govt. and says tug of war natural between political parties  


 
Fast-tracked development should be based on sound policy and plans, Prime Minister Ranil Wickremesinghe said yesterday while outlining plans to establish new investment zones in Bingiriya and Puttalam to spur economic growth and give local companies the chance to build international projects.CONSTRUCTION BOOM!!!!  Untitled-24

Hailing the start of the second phase of the Central Expressway, Wickremesinghe recalled that under the previous Government the private sector was not given the chance to build highways or be part of other large-scale infrastructure projects funded by foreign loans. However, the current Government had changed that trend, he pointed out, and given the chance for local companies to build their reputations so that they would be able to bid for projects around the world.  

The Prime Minister insisted that the Government was presently focused on the region of the Western and Wayamba provinces along with Kandy, Monaragala and Sabaragamuwa Province as the central areas of development. He recalled that at the start of the year the Government had opened two factories and had then shifted focus to the South, after which they were now looking at an 800-acre site in Bingiriya for an investment zone. 

The Government also plans to convert 500 acres in Puttalam, which was initially earmarked for a Voice of America station but later handed back to the Government by the US Embassy, into a new development zone.

“We have two international airports and two major harbours. We must focus our development around these structures and establish investment zones linked to them. This is how countries like Thailand and Malaysia developed. They established key industries linked to mega infrastructure. We will also build new investment zones linked to the Central Expressway,” he said. 

State-run Industrial Development Ltd. is already busy establishing Sri Lanka’s first private investment zone in Sapugaskanda and the same company will take over the infrastructure tasks of the proposed zone in Galle and elsewhere. The Government has sought assistance from Andhra Pradesh Chief Minister Chandrababu Naidu to form a joint venture with Industrial Development. 

The Prime Minister assured discussions were underway to float a joint venture between Industrial Development and an Indian company to build infrastructure in new investment zones. Kalpitiya will be developed as a special tourism zone.  

With improved industries, tourism would flow to every corner of Sri Lanka, Wickremesinghe predicted, opening up new opportunities and jobs for youth. The Prime Minister reiterated the election pledge by his party to establish one million jobs during his term in power and insisted that the Government would work tirelessly towards this goal.   

Since the Government had strong growth plans it was imperative that the two main parties of the country worked together, he said, defending the UNP-SLFP coalition that has attracted some flak over the last few months.

“We need good policies and good plans. Otherwise we cannot move forward and the future of our children will be bleak,” Wickremesinghe warned. “It is normal for two parties to have a tug of war when they come together. But first we must develop the country. Once it is developed then dividing its returns is up to you but you must focus on how 500 jobs can be created instead of 50. That is my view. Once we have achieved growth then even smaller parties can benefit from the results.

“The companies that will begin this project today must plan to start an international project in another country by the time this is over. That is how we can foster growth and take Sri Lanka to the next level.”

Cabinet in November approved allocating Section II of the Central Expressway section from Meerigama to Kurunegala to local contractors at a cost of Rs. 137 billion. Only one bid was entertained for each section with bidders presenting contract packages that were 18%-20% higher than the estimate given by the State engineer, the Daily FT reported earlier.

Under the Cabinet decision the entire length of Section II has been broken into four sections named Package A, B, C and D. Package A (9.71 km) has been given to the International Construction Consortium (ICC), Access and a joint venture with Nawaloka and Kdesh for Rs. 34.1 billion. Package B (10.20 km) has been parcelled off to Sierra, Olympus, Tudawe Brothers and Consulting Engineers and Contractors (CEC) for Rs. 34.5 billion. Package C was given to K.D.A. Weerasinghe and Co. (KDAW), NEM Construction and the lesser-known E&C at a cost of Rs. 32 billion.

Package D, despite having the shortest span of 8.5 km, was given to MAGA Engineering, CML-MTD Construction, along with V.V. Karunaratne & Co and Hoveal Construction for Rs. 36.2 billion.


[size][size]
 
[size=36]Cabinet approves Rs. 23.2 b from State banks for Central Expressway[/size]
Cabinet yesterday approved the Government borrowing Rs. 23.2 billion from the State-run National Savings Bank (NSB) and People’s Bank to fund the Central Expressway. 

“The government has identified the Central Expressway Project as one of its priority projects for promoting economic affairs in the country through improving connectivity among various regions,” said a short post on the Government Information Department website, which announced the Cabinet decision. 

The proposal made by Finance Minister Ravi Karunanayake, to obtain funds of Rs. 23.2 billion for the Road Development Authority for construction of Phase II of Central Expressway Project from the National Savings Bank and People’s Bank as loan facilities, was approved by the Cabinet of Ministers. 
 [/size][/size]
- See more at: http://www.ft.lk/article/595465/Private-sector-should-go-global--says-PM#sthash.Jd3Sk5eG.dpuf

2CONSTRUCTION BOOM!!!!  Empty Re: CONSTRUCTION BOOM!!!! Thu Feb 02, 2017 8:37 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
[size=33]RDA to obtain Rs23bn for Central Expressway phase II[/size]
Author LBO
Posted on February 1, 2017 | Featured, Lead Story, Real Estate & Construction, Shipping and TransportCONSTRUCTION BOOM!!!!  Central-expressway




Feb 01, 2017 (LBO) – Sri Lanka’s Cabinet has decided to obtain part of the funds for the construction of phase II of Central Expressway Project from two state banks.
The government has identified it as one of its priority projects for promoting economic development in the country by improving connectivity among various regions, a statement said.
The proposal made by Finance Minister Ravi Karunanayake to obtain 23.2 billion rupees from the National Savings Bank and People’s Bank for the RDA as loan facilities has been approved by the Cabinet of Ministers.
The Section II of the expressway commences from Meerigama and proceeds up to Kurunegala with Ambepussa Link, a total length equal to 39.29 km except Ambepussa Link.
This section comprises Meerigama, Nakalagama, Dambokka and Kurunegala Interchanges with a designed road speed of 100 km/hr. The whole trace of this section falls on a flat terrain.
The access to the expressway is provided at interchanges with a system of tolls.
Meanwhile, Prime Minister Ranil Wickremesinghe today launched the construction of the section II of the Expressway.
CONSTRUCTION BOOM!!!!  Expressway-launch-1
CONSTRUCTION BOOM!!!!  Expressway-launch-2

Back to top  Message [Page 1 of 1]

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