Cabinet approves purchase of machinery for the Sri Lanka Land Development Corporation
The Sri Lanka Land Development Corporation performs vitally important functions such as minimizing the risk of inundation in urban and lowland areas, maintaining drainage systems efficiently, carrying out urgent operations during inundation events, and maintaining canals. The need to strengthen the capacity of the corporation’s internal operations has been identified by the corporation to perform…
The Sri Lanka Land Development Corporation plays a crucial role in reducing the risk of flooding in urban and lowland areas, maintaining drainage systems and managing canals. To enhance the corporation's operational efficiency, plans were made to acquire small-scale machinery specifically designed for cleaning small canals, which are significant contributors to urban flooding.
The General Treasury allocated 625 million rupees as an equity contribution towards this purchase. Consequently, the Cabinet of Ministers endorsed the resolution presented by the Minister of Transport, Highways, and Urban Development, authorizing the Sri Lanka Land Development Corporation to buy the necessary machinery at an estimated cost of Rs.
1,233 million. This amount is to be funded through the General Treasury's contribution and the corporation's own financial resources.
Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
