Category: Srilanka Developments and Releated News

  • Interest Free Loan for women Entrepreneurs in Sri Lanka – Budget Proposal 2014

    Women form an integral part of our society, driving its success and sustenance. In view of the undeniably essential role that they play, empowering them with the means to succeed in their efforts is vital. It is indeed heartening to see women realise their true potential through the initiatives of the Government. An interest free…

  • Coconut growing project in Urban areas ( Maharagama Area)

    The Coconut Development and Janatha Estate Development Ministry has launched a special program to grow coconut in urban areas. The aim is for people living in urban areas to obtain coconut for day to day consumption. The first phase of the program commenced at Sri Jayawardhanapura Kotte and second phase commenced at Maharagama. According to…

  • Moratuwa- Egoda Uyana a beach front park by Urban Development Authority

    The Moratuwa- Egoda uyana beachfront development project initiated to provide better facilities to people, especially for children who use the beach for leisure activities, would be completed by May 2014, the Urban Development Authority (UDA) source stated that UDA sources around Rs. 24.1 million has been estimated to undertake the project funded by the private…

  • Mihin loss estimated at Rs.2.2 Billion for this Financial Year

    Mihin Lanka, the state-owned budget airline, is expected to incur an estimated loss of Rs.2.2 billion for the current financial year sourced state, Mihin Lanka, a company established — on a proposal submitted in 2006, has continued to lose billions of rupees since its inception and  though it was even declared bankrupt the government pumped…

  • Colombo Outer Circular – New Express way of Sri Lanka

    Linking all expressways in the country, Phase I of the Outer Circular Highway (OCH) connecting the Southern Expressway to Kaduwela will be declared open on March, 8. The 29.1 Km Highway built in three phases, is to link al expressways I and major roads such as Southern, Northern and Kandy Expressways as well as Colombo-…

  • Luxury train services starts from Colombo to Palai from today

    A luxury train service will be operated from Colombo to Palai from Today 7th March 2013. The Railway Department extended the train service on the northern line up to Palai on Tuesday. The trail way department is expected to run to Jaffna by June and will be extended further upto Kankesanthurai on September 14.2014. Train…

  • Shipping and Air travels are plans to Commence between India to South India

    Plans are underway to have shipping and an air link between in India and Jaffna soon said Consul General of India in Jaffna, V. Mahalingam stated in Jaffna International Trade Fair 2014. These two important links could improve people-to-people contacts and substantially improve trade and economic relations, and he stated that “We look forward to…

  • Gampaha District’s fourth flyover at cost of Rs. 2000 Million

    The 4th Flyover in Gampaha district is costed Rs. 2,000 Million, the flyover built over the Veyangoda Railway Crossing on the Nittambuwa-Katunayake main road. The Spanish Government provide financial assistance built. It is expected to open on January 16  by President Mahinda Rajapaksa.

  • Outer Circle Express Highway – 1st Phase will open soon

    Outer circle Express highway one of the main express Highway developments is undergoing now will expect to open very soon. It is expected to open the first phase of the Outer Circular Expressway public within the first quarter of this year. 95% of the 11km stretch from Kottawa to Kaduwela has been completed. The Japan…

  • Cost of Living allowance increased upto Rs. 7,800.00 from 1st of January 2013

    The Cost of Living allowance for employees of government corporations, statutory boards and project staff has been increased up to Rs 7,800 per month with effect from January 01, the Ministry of Finance and Planning announced. that the revision of the Cost of Living allowance has been effected as per the Budget Proposals 2014. The…