« CBK demands suspension of multimillion dollar Chinese water project » by Namini Wijedasa

A multimillion dollar Chinese-funded water supply project has run into controversy with former President Chandrika Bandaranaike Kumaratunga openly demanding its suspension and an inquiry on the grounds that it is overpriced. In August 2016, the National Water Supply and Drainage Board (NWSDB) awarded a contract to China Machinery Engineering Corporation (CMEC) for the Gampaha, Attanagalla and Minuwangoda Integrated Water Supply Scheme. The project cost is US$ 229.5mn (Rs 35.8bn). It is 85 percent funded by a China Development Bank (CDB) loan while the Bank of Ceylon will lend the Government 15 percent of the contract price or US$ 34mn (Rs 5.3bn) as local funding.

via: http://www.sundaytimes.lk/180325/news/cbk-demands-suspension-of-multimillion-dollar-chinese-water-project-287633.html


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