Per capita income of the country is US$13,000 and Our purchasing power is up to the level of developed country: Champika

Published : 12:02 am  October 4, 2018 | No comments so far |  | 

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By Thilanka Kanakarathna  

The Urban Development Authority (UDA) had invested over Rs 25,000 million in special projects including in the construction sector this year, Megapolis and Western Development Minister Patali Champika Ranawaka said.  
He said so attending a function to commemorate the 40th anniversary of the UDA held at the Sethsiripaya Administrative Complex in Battaramulla yesterday.   


Minister said that the UDA which was liable over Rs 39 billion had made strong investment of Rs 25,000 million and none of state institution except for banks had made such a big investment ever.  


He further said that the UDA had initiated mega projects that cost over Rs 200 billion to create a better life for the shanty dwellers.  


He also said that the UDA had undertaken to build the Battaramulla Administrative City which would be completed by 2023.   


“After 1860, the country’s first light railway is being constructed under the influence of the UDA at a cost of Rs 7.5 billion. According to accurate statistics, half of the country’s people have urban facilities and therefore the UDA will be busy in future as the entire country will gradually turn into urban areas,” Minister said.   


He also said that UDA is initiating all these mega projects according to the country’s laws and regulations while protecting the environment and the country’s sovereignty.   


“With or without the support of the Government, the UDA had received the ability to carry out its good work. There are people who do nothing but blame the past. But we learnt lessons from the past without blaming it. The biggest mistake we have done in the past is spending for show up. Such investments had created a huge burden to us today,” he said.   

 

“With or without the support of the Government, the UDA had received the  ability to carry out its good work. There are people who do nothing but  blame the past. But we learnt lessons from the past without blaming it.  The biggest mistake we have done in past is spending for show up. Such  investments had created a huge burden to us today”


Meanwhile Minister Ranawaka said that it was a common allegation that the State institutions are continuing to make losses.   


“There is a powerful public opinion that to incur profits these state institutions should be privatized. It was also another allegation that the rest of the world is moving ahead with developing technology yet our state institutions use the same old practice with heaps of files. By looking at the state sector we see that there is some truth in those opinions,” 


he said.  


“Late president J. R. Jayewardene established the UDA after seeing the Urban Revival Authority in Singapore and late president Ranasinghe Premadasa continued it. Later, the UDA was functioning under various ministers and even under former President Mahinda Rajapaksa,” he said.  


Minister said that though some thinks that Sri Lanka is a poor country where low income earners live, by looking at the society everyone can see that it is wrong.  


“Today the per capita income of the country is USD 13,000 and in terms of purchasing power it is up to the level of a developed country. Therefore Sri Lanka is a middle income country in every aspect. The poor people are less than 6 percent and the unemployment had reduced down to 4 percent,” he added. 

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