Sri Lanka govt gives Rs12.6bn for Beira Lake facelift
Oct 12, 2016 15:34 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved spending Rs12,550 million from the Treasury over four years to fund a project to rehabilitate the Beira Lake in the heart of the capital Colombo, a government spokesman said.
The Beira Lake, which covers about 120 hectares, is helpful in storm water drainage and for recreational activities and biodiversity, government spokesman and acting Media Minister Karunarathne Paranavithana said.
Illegal disposal of solid waste and drainage from the surroundings have polluted the water body, he told a news conference.
Irregular development activities have also obstructed access ways to the Beira Lake in several places.
The Cabinet of Ministers has approved a proposal made by Patali Champika Ranawaka, Minister of Megapolis and Western Development, to implement the Beira Lake rehabilitation and redevelopment project prepared by the Urban Development Authority.
The project is estimated to cost Rs12,550 million, with the first instalment of Rs1,350 million needed for immediate resettlement of people who will be displaced by the project.
(COLOMBO, Oct 12, 2016)