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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Maharaja Foods PLC (MFL) ready for the Fall!
by ChooBoy Today at 12:27 am

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Fri Jul 19, 2024 11:53 am

» Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power
by God Father Wed Jul 17, 2024 10:11 pm

» Banking Sector Analysis
by God Father Sat Jul 13, 2024 7:57 am

» Impact of Elections on Colombo Stock Market Sentiment
by Quibit Tue Jul 09, 2024 9:01 am

» LankaBIZ Unveils AI-Driven On-Demand Financial Research and Analysis Service
by Quibit Thu Jul 04, 2024 12:49 pm

» CDB Non voting
by Nandun Sun Jun 30, 2024 9:45 pm

» The Parsi Power Play: How a Small Community of Iranian Parsis are Controling Sri Lanka's US $ 85 billion Economy & 22 Million Population & Politics driving away FDIs
by MalakaDesmond Sun Jun 30, 2024 10:19 am

» Richard Pieris Group: Mismanaged?
by Walbaba Sat Jun 29, 2024 7:04 pm

» සොෆ්ට්ලොජික් හෝල්ඩිංග්ස් පීඑල්සී: අඳුරු අපේක්ෂාවන් සහිත ඉහළ අවදානම් ආයෝජනයක්
by D.G.Dayaratne Tue Jun 25, 2024 5:45 am

» සොෆ්ට්ලොජික් ප්‍රාග්ධනයට වන්දි ගෙවන Share BuyBack නිසා Softlogic ජීවිත රක්‍ෂණය බංකොලොත් වීමේ අවදානමක
by MalakaDesmond Tue Jun 25, 2024 1:49 am

» Softlogic Life insurance face Danger of Bankruptcy due to Share BuyBack that compensate Softlogic Capital
by MalakaDesmond Tue Jun 25, 2024 1:33 am

» Softlogic Holdings PLC: A High-Risk Investment with Bleak Prospects
by MalakaDesmond Tue Jun 25, 2024 12:52 am

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Sat Jun 22, 2024 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

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: reddit

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