Sri Lanka issues flood warning after heavy rains
ECONOMYNEXT – Sri Lankan irrigation and disaster management authorities issued a flood warning in the Gampaha district, north of the capital Colombo, after heavy rains raised river water levels and inundated some low lying areas and roads.
The warning came in a special flood warning report from the Irrigation department issued by the Emergency Operation Center of the Disaster Management Center.
Floods in May 2016 and May 2017 caused heavy damage to busineses and resulted in 21 billion rupees of claims being paid, most of which was re-insured abroad.
Fitch Ratings said Sri Lanka’s re-insurance premiums on flood cover are ikely to rise after the spate of unusual rainfall.
The flood warning said residents in the Attanagalu Oya river basin should be alert to floods as the water level had risen to 5.50 metres, classified as a major flood level.
Already, several roads in the areas had gone under water, the report said.
(COLOMBO, Sept 14 2017)