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Ports directors get Rs. 100 m for five more years
View(s):For five more years, the board of directors of the Sri Lanka Ports Authority (SLPA) will be empowered to utilise a financial limit up to Rs. 100 million, a ministerial source said yesterday.
In May 2005, the source said, it had been decided to increase the limit to Rs. 100 million and that expired in May 2013. The new decision has thus extended the upper limit for ten years, the source added.
Two other ministries — Water Supply and Drainage and Power and Energy — will also have increased maximum limits imposed on them. However, the amounts are to be determined after the ministers in question make their recommendations, the source said.