Audit flags delays in ADB-funded Sri Lanka water project
ECONOMYNEXT – Sri Lanka’s auditor general has drawn attention to delays in an Asian Development Bank-funded project to improve water supply in the capital Colombo, saying physical progress has been slow with a lot of funds lying unused.
The auditor general’s department also issued a qualified opinion on the third tranche of funds for the National Water Supply and Drainage Board’s Greater Colombo water and wastewater management improvement investment program.
It said there was slow progress in the projects two components, with only 36 percent of activities done in one and 8.4 percent in the other.
“Physical activities remained behind target,” the report said.
As a result the allocation of 35 million US dollars or 4.6 billion rupees made under additional financing arrangements not been used for the intended purposes, the audit report said.
It also said a comprehensive action plan had not been prepared for the project but four contracts for consultancy services and 13 work contracts awarded by the program during the year under review at a cost of 64 million rupees and 17 million rupees.
(COLOMBO, 14 November 2019)