Saudi Arabia boosts Sri Lanka dam project with $46 million

Sponsored by

Colombo, Sri Lanka, Feb. 9, 2010 – A reservoir project in Sri Lanka set to provide water to farmers in the eastern province during the dry season will be boosted by a $46 million cash injection from the Saudi Fund For Development (SFD).

The scheme, known as the Moragahakanda-Kalu Ganga reservoir project, is expected to be implemented by the Mahaweli Authority with co-funding from the Kuwait Fund and Sri Lankan government.

Costing $113 million in total, the project will be funded by SFD ($46 million), the Kuwait Fund ($37 million) and the Sri Lanka government ($30 million).

The Moragahakanda-Kalu Ganga reservoir project is set to become a mega-irrigation scheme implemented by the Sri Lanka government in order to provide water to farmers in the eastern province during the dry season.

It is expected to fully address the irrigation needs of the people in Polonnaruwa, Anuradhapura, Trincomalee and Matale districts and provide drinking water for all in those districts.

A hydropower station with a capacity of 20 MW will also be set up under the Moragahakanda reservoir project.

The allocation of the funding followed a meeting in Riyadh this week between the Sri Lankan Ministry of Agriculture Development and Agrarian Services and the SFD. The agreement is expected to be signed later in Colombo.

Abdullah Al-Shedokhi, project officer of SFD, said: “This is the seventh financial facility offered by the SFD for infrastructure development in Sri Lanka.”

###

Sponsored by

TODAY'S HEADLINES

Drought-stricken West exhausting underground water resources, research shows

According to a new study jointly conducted by University of California, Irvine and NASA scientists, more than 75 percent of the water loss in the drought-stricken Colorado River Basin since late 2004 has originated from underground resources.

Industrial development driving global water treatment equipment market, study finds

According to a new GIA report, the global market for water and wastewater treatment equipment is forecast to reach $53.4 billion by 2020, stemmed by increasing population, urbanization, improving manufacturing activity, and rising oil and gas production, among others.

EPA launches third-annual green infrastructure Campus RainWorks Challenge

EPA is launching its third-annual Campus RainWorks Challenge, a competition to engage college students in reinventing U.S. water infrastructure and developing innovative green infrastructure systems to reduce stormwater pollution and build resilience to climate change.

Rittal Corporation appoints new president for North American market

Rittal Corporation has named Gregg A. Holst as president, with responsibility for the entire North American market.

FOLLOW US ON SOCIAL MEDIA