Annual Report 2008 - Ministry of Finance and Planning

5. Foreign Financing of the Budget
217
Table 5.8
Under-performed projects in 2008 Contd.
Donor
Name of the Project
Loan
Amount
US$ mn
Disbursement
Target 2008
US$ mn
Not
Utilized
in 2008
US$ mn
Reasons for variations and Current
status
Greater Colombo
Urban Transport
Development Project
223.0 30.5 29.2
Civil work contract was not awarded due
to high bid prices. Re-tendering is being
done.
Japan
SMILE III 98.0 18.2 12.2
Delay in granting approval for sub-loans
by PMU. Disbursements were temporary
suspended due to non submission of
settlement certificate on audit observations
by the PMU.
Galle Port
Development Project
147.0 15.5 14.1
Civil work contract was not awarded due
to high bid prices. Cabinet approval was
granted to cancel the tender and advise
to re-negotiate the terms of the loan with
JICA to adopt the international competitive
bidding.
Japan
Tourism Resource
Improvement Project
26.0 6.6 5.5
PEACE Project 61.0 11.8 7.4
Delay in awarding contracts by Project
Implementing Agencies (PIAs).
poor performance of contractors (Farmer’s
organizations)
WB
Infrastructure and
Housing Development
in Puttlam Project
32.0 14.0 4.0
Delay in awarding contracts under the
Water component.
Reawakening Project 64.7 13.5 6.6 Instability condition in the project areas.
Korea
Administrative
Complex in
Hambantota
20.0 6.0 2.1
Due to the poor performance the main
contractor of the project has been changed.
Therefore, the implementation of the
project is delayed.
Source: Department of Enternal Resources
Ministry of Finance and Planning Sri Lanka
Annual Report 2008