Kalutara District Megapolis Ministry hopes to invest Rs. 500 Mn on development projects

Published : 12:04 am  January 29, 2019 | No comments so far |  | 

(0)

 reads | 

Untitled-5

01

02 

CITY-DM-4-11 

 

By Sheain Fernandopulle  

Ministry of Megapolis and Western Development  hopes to invest Rs. 500 million on the Kalutara District development projects, Minister Patali Champika Ranawaka said.  
He expressed these views at the opening ceremony held to declare open the commercial complex of the Kalutara Station.   


“Government has spent Rs.288 million to construct the complex and it comprises of 173 shopping spaces. Kalutara is a city which is highly acclaimed for its historic value and national heritage. Therefore, it is pertinent to develop such a city for it to be more attractive,” the Minister said.   


He said they had identified several locations in the Kalutara District where they could launch development projects that would pave the way to generate income to the government.  


Meanwhile, he said they had only Rs.800 billion to launch country wide development projects in the long run.   


Government would have to focus on constructing houses, roads, providing water and electricity to the people. We have only Rs.800 billion to do everything,” the Minister said.  


“We have to allocate Rs.2, 300 billion for loan re-payments. It is in fact three times into what we have allocated for development,” the Minister added.  


He said 75% of the loan re-payment is because of the loans obtained during the Rajapaksa regime.  

 

 

They had identified several locations in the Kalutara District where they could launch development projects that would pave the way to generate income to the government

(0)