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

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

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

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

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by Beyondsenses Today at 8:03 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Yesterday at 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Yesterday at 8:03 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 9:49 am

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Yesterday at 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Yesterday at 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Yesterday at 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Yesterday at 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Yesterday at 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Yesterday at 6:34 am

» Importance of Agroforestry for Sri Lanka
by CHRONICLE™ Yesterday at 6:31 am

» Nivard Cabraal sets record straight on decision to allow flexibility to the rupee
by God Father Sun Jun 26, 2022 11:15 pm

» Baseless accusations against the former Governor Nivard Cabraal
by ChooBoy Sun Jun 26, 2022 10:44 pm

» Heavy losses at CPC whilst LIOC records profit
by ChooBoy Sun Jun 26, 2022 1:32 pm

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Sat Jun 25, 2022 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Sat Jun 25, 2022 12:00 pm

» Container shipping stocks routed
by target1 Fri Jun 24, 2022 1:32 pm

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™ » EXPERT CHRONICLE™ » New committee to fast-track 289 projects

New committee to fast-track 289 projects

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

New committee to fast-track 289 projects 2Q==


  • New quarterly report finds projects worth over Rs. 3.5 t started in 2020 delayed 

  • Financial progress at 72% but work on the ground slower 

  • Poor pre-preparations, slow approvals highlighted as reasons for delay 

  • State Minister Cabraal to head committee, monthly progress reviews









New committee to fast-track 289 projects Image_740dedd377
Cabinet Spokesman and Media Minister Keheliya Rambukwella


A new committee headed by the State Minister of Money, Capital Markets and Enterprise Reforms Ajith Nivard Cabraal will be appointed to conduct monthly reviews and fast-track implementation of 289
development projects worth over Rs. 3.5 trillion. 

Cabinet Spokesman Keheliya Rambukwella told the weekly Cabinet briefing the decision was taken after a quarterly review done by the Finance Ministry into Budget-funded projects begun in 2020. The report found 289 development projects each over Rs. 1 billion were implemented under 40 line ministries in 2020. 

Approximately Rs. 710 billion were allocated for these projects and financial progress was at 72%. An additional Rs. 2.9 trillion is to be allocated for the future activities of these development projects. 

“However, the report found various issues and obstacles have arisen in the implementation of these projects and although about Rs. 8 billion has been spent on additional staff allocations for these projects, expected results have not been achieved within the approved cost and timeframe,” Rambukwella said.  

A range of issues including ad hoc pre-preparations of some projects and delays in obtaining required approvals from Government institutions were highlighted as issues in the report.  

Taking into consideration the information contained in the report presented to Cabinet by Prime Minister Mahinda Rajapaksa in his capacity as Finance Minister, Cabinet decided to appoint a committee chaired by State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal. 

The Committee will include senior secretaries to conduct monthly reviews on resolving issues arising out of large-scale Budget-funded projects and to obtain the necessary assistance from relevant parties in an optimal and timely manner, the Spokesman added.



http://www.ft.lk/front-page/New-committee-to-fast-track-289-projects/44-714125

Share this post on: redditgoogle

avatar

Post Wed Mar 03, 2021 2:49 pm by Mr. Wayne

Surprising. I thought this would have been given to the Army.

avatar

Post Wed Mar 03, 2021 3:09 pm by samaritan

Mr. Wayne wrote:Surprising. I thought this would have been given to the Army.
AEL will play a lead role.

judecroos likes this post

avatar

Post Wed Mar 03, 2021 3:57 pm by judecroos

samaritan wrote:
Mr. Wayne wrote:Surprising. I thought this would have been given to the Army.
AEL will play a lead role.
Is this also a media show?? let's wait and see if this really happen here. because this is SRI LANKA. Everything depend on commission won't you agree ? Smile

Nandun likes this post

Back to top  Message [Page 1 of 1]

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