Sri Lanka flood control canal deal to Korea venture
ECONOMYNEXT – Sri Lanka has awarded a contract to widen a canal in the capital Colombo to control floods to a consortium led by SK Engineering & Construction Co. Ltd. (SK E&C) of South Korea.
The state information office said the Kolonnawa Canal Diversion Scheme with a length of 4.8 km under the Metro Colombo Urban Development Project is to be done in four sub sections with an investment of Rs.3,000 million.
The contract to carry out the construction activities to be implemented under its Stage 3 was awarded to the E &C – RR joint venture for Rs 1,004.4 million.
The proposal for the deal by Patali Champika Ranawaka, Minister of Megapolis and Western Development, was approved by the Cabinet of ministers this week.
Under the project, the government aims to widen the existing canals to improve the flow of storm water in the Colombo area during periods of low water levels in the Kelani River.
The project will also help mitigate floods occurring in the Kolonnawa area during periods of high water levels.
(COLOMBO, 30 August, 2018)