- Last Update 2024-09-04 18:15:00
Chinese company claims US$39.6 m more for Mattala airport
One of China’s frontline companies operating in Sri Lanka, the China Harbour Engineering Company (CHEC), is claiming US$ 39.6 million as “cost variation and price escalation” for building the Mattala Rajapaksa International Airport. The awarded contract value of the project was US$ 209 million of which the Exim Bank of China provided US$ 190 million as a “concessionary loan.” The variations claimed have been reviewed by an independent committee.
The External Resources Division earlier tried to get the Exim Bank of China to provide a loan for the variations costs but this was turned down.
Now, the Government has obtained proposals from five different banks operating in Sri Lanka – the National Savings Bank, the National Development Bank, the Hong Kong and Shanghai Banking Corporation, the People’s Bank and the Bank of Ceylon. A Government official said a decision on the bank or banks is now being made.
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- August 31, 2024 - 186 - 0
CPC reduces fuel prices
The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
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CBSL Governor warns reversal of reforms could trigger new crisis
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
- September 4, 2024 - 170 - 0
CC approves four nominees for CA vacancies
The Constitutional Council has approved four nominees, proposed by the President, to fill vacancies in the Court of Appeal.
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