Wednesday October 24, 2018

China's CAMC gets US$39.5mn deal for Yan Oya left bank project

Dec 09, 2017 07:39 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT -  China CAMC Engineering Co. Ltd. (CAMCE), has been awarded a 39.5 million US dollar contract to build the left bank irrigation systems of a reservoir in Sri Lanka's Yan Oya (river), the state information office said.

CAMCE had built the headworks of the dam for 150 million dollars after offering to build the whole project for 176 million US dollars, but Chinese funding agencies did not finance the whole contract, earlier reports said.

The Yan Oya reservoir is expected to irrigate 4,190 hectares of agricultural land in Trincomalee and Anuradhapura which are facing water shortages.


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