Search results
Results from the WOW.Com Content Network
The system is planned to be operated as a public-private partnership between the Government of Sri Lanka and selected private entities. [2] The project estimated to be worth US$1.5 billion was commenced during the presidency of Maithripala Sirisena in 2017 and was regarded as the largest single foreign-funded infrastructure project in Sri Lanka ...
It is designed to create a megapolis in Sri Lanka's Western Province by 2030. [1] The plan was created by Surbana in cooperation with local experts. It hopes to create a Megacity that can match other economic hubs, such as Dubai, Singapore, Seoul and Tokyo, and solve the issues of traffic congestion, garbage, slums, and environmental pollution.
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Olive oil prices reached a record high of $12.39 per bottle this year — a jaw-dropping cost Deoleo plans to cut in half. The Spanish company expects prices to fall from 10 euros to around 5 ...
The Colombo Monorail was a proposed monorail system to be built in Colombo, Sri Lanka.The project was estimated to cost US$ 1.3 billion. [1] However a Japanese JICA transportation master plan for Colombo did not recommend a Monorail as a priority and recommended a Bus Rapid Transit (BRT), Railway electrification and an overhead light rail system instead.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
The Sapugaskanda Refinery (also referred to as Sapugaskanda Oil Refinery) is the single largest oil refinery of Sri Lanka.The refinery was built in August 1969 by the Ceylon Petroleum Corporation under the guidance of Iran, [1] initially designed to process 38,000 barrels (6,000 m 3) per stream day of Dubai crude oil, and Arabian light crude oil.