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


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_lcap16%Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_rcap 16% [ 43 ]
Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_lcap21%Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_rcap 21% [ 57 ]
Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_lcap30%Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_rcap 30% [ 83 ]
Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_lcap34%Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Vote_rcap 34% [ 93 ]

Total Votes : 276

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOLC FINANCE PLC (LOFC.N0000)
by sojsilva Sat Nov 26, 2022 10:07 am

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Nov 25, 2022 11:32 pm

» What will happen tomorrow?
by K.R Thu Nov 24, 2022 7:56 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by ErangaDS Wed Nov 23, 2022 6:34 pm

» KZOO.N SHAW WALLACE INVESTMENTS PLC TP 10/
by cheetah Wed Nov 23, 2022 11:16 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Wed Nov 23, 2022 6:53 am

» SRI LANKA TELECOM (SLTL.N0000) - Reawakening the Giant
by Equity Win Tue Nov 22, 2022 12:10 pm

» EXTERMINATORS PLC (EXT.N0000)
by ErangaDS Tue Nov 22, 2022 10:35 am

» Focus on Government controlled entities
by K.R Sun Nov 20, 2022 10:45 am

» Singapore based Kreate Design to invest USD 1 Billion to Colombo Lotus Tower
by K.R Sat Nov 19, 2022 1:40 pm

» China working with other lenders on ‘easing’ Sri Lanka debt
by K.R Sat Nov 19, 2022 1:31 pm

» Billionaire owned listed companies faces insolvency issues in Sri Lanka
by God Father Sat Nov 19, 2022 10:11 am

» Wahts going on with Expo
by sanjayaK Fri Nov 18, 2022 2:23 pm

» REGULATORS - DUTY OF CARE
by God Father Fri Nov 18, 2022 1:47 pm

» CIC going to next level
by suku502 Wed Nov 16, 2022 12:51 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by K.R Tue Nov 15, 2022 8:03 pm

» LANKA HOSPITAL + SRI LANKA TELECOM + HOUSING DEVELOPMENT COOPERATION
by nish84 Tue Nov 15, 2022 4:29 pm

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
by Thushara Ayya Tue Nov 15, 2022 10:16 am

» Budget Analysis 2023 - KPMG Sri Lanka
by CHRONICLE™ Tue Nov 15, 2022 9:17 am

» HAPUGASTENNE PLANTATIONS PLC (HAPU.N0000)
by Dilshan2020 Tue Nov 15, 2022 8:39 am

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t

Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

Cabinet reviews progress of large-scale development projects worth Rs. 1.7 t Eng_banner


  • 319 large-scale development projects costing Rs. 1 t carried out by 43 ministries come under review

  • Only 55% of target expenditure incurred by 1Q due to COVID-19 

  • Lagging projects to be fast-tracked by newly created Ministry of Development Coordination and Supervision helmed by Namal Rajapaksa


 

The Cabinet of Ministers on Monday reviewed the progress of over 300 large-scale development projects valued at Rs. 1.7 trillion and decided to fast-track the progress of those which are lagging.

According to the progress review report submitted by Finance Minister Basil Rajapaksa to the Cabinet, 319 large-scale development projects exceeding a cost of Rs. 1 billion are being implemented by 43 ministries.  

“These projects implemented until 2030 have an approximate total value of Rs. 7.1 trillion,” the Government Information Department said. “A total of Rs. 1.75 trillion has been spent so far and Rs. 745 billion has been allocated for these projects for this year.”

However, Cabinet observed that only 55% of the target expenditure had been utilised during the first quarter of the year given the adverse impact of the COVID-19 situation prevailing in the country.

“Of the 319 projects, 88 are in line with new development programs of the Government. The estimated cost of these projects is Rs. 2.5 trillion, with Rs. 232 billion allocated for this year,” the Department said.

The Cabinet of Ministers decided that the projects showing less progress should be prioritised upon further reviewing, so that the expected goals and objectives from these projects can be achieved. This will be done under the close supervision of the newly created Ministry of Development Coordination and Supervision held by Namal Rajapaksa, so that the project activities can be finalised within the precise time frame.


https://www.ft.lk/front-page/Cabinet-reviews-progress-of-large-scale-development-projects-worth-Rs-1-7-t/44-722178#.YSWkLAR6lnN.twitter

Share this post on: reddit

No Comment.

Back to top  Message [Page 1 of 1]

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