Annual Report 2010 - Ministry of Finance and Planning

More documents

Recommendations

Info

Ministry of Finance and Planning Sri Lanka > Annual Report 2010Kelani Right Bank WaterSupply ProjectThe Government of Denmark providedan interest free loan of USD 82.7 millionfor the construction of the Kelani RightBank Water Treatment Plant underthe Danish Mixed Credit programme.The objective of the project is toimprove the water supply to ColomboCity and the towns north of ColomboCity. Furthermore, it is envisaged todevelop head works of the 40 MGDWater Treatment Plant in GampahaDistrict and serve a 350,000 populationwith existing connections presentlyexperiencing inadequate water supply.The total number of beneficiaries inyear 2020 is estimated to be around1,000,000. Construction work of theProject commenced in October 2008.Integrated Water SupplyScheme for UnservedAreas of Ampara DistrictPhase IIIThe objective of the project is toprovide sufficient and reliable watersupply to about 88,200 people livingin Semi urban and rural areas of theAmpara District. The Australia & NewZealand Banking Group Limited (ANZ)and the Export Finance and EconomicCooperation (EFIC) of Australia haveprovided a loan in a sum of USD 105.19million for this purpose. The total costof the project is USD 118.2 million. Thebalance USD 13.3 million will be borneby the Government of Sri Lanka.Key Projects to beImplemented in 2011Jaffna & Kilinochchi Water Supply& Sanitation ProjectThe objective of the project is toimprove water supply in the Jaffnaand Kilinochchi Districts, providesanitation infrastructure forresidents living in the JaffnaMunicipal Council area andstrengthen water resourcesmanagement in the JaffnaPeninsula. The project will supply60,000 new water connections(300,000 people) in the Jaffnaand Kilinochchi Districts andconnect 20,000 households(80,000 persons) in the JaffnaMunicipal council area to thesewer network.The total estimated cost of theproject is USD 184.04 million.The contribution of the AsianDevelopment Bank is USD 90million. The Agence Francaisede Development of France hasagreed to provide a loan of USD48 million to partly finance thewater supply subcomponentof the project. In addition, theInternational Fund for AgriculturalDevelopment (IFAD) will provideUSD 20 million for the downstream development of theIranamadu Tank. The Government’scontribution for this project isUSD 26.04 million. The project isexpected to be completed in 2017.Muttur Water SupplySchemeThis project will be implemented asa supplementary to the SecondaryTowns Rural Community BasedWater Supply and SanitationProject. The objective of theproject is to build the Muttur WaterTreatment Plant. The total estimatedcost of the project is USD 19.6million. The Asian DevelopmentBank will contribute USD 17.6 millionand the Government of Sri Lankawill contribute USD 2.0 million.265
5 | FOREIGN FINANCINGFinancing for Ports and AviationCurrent DevelopmentsThe ports and aviation sector hasbeen identified as a key sector foreconomic development of Sri Lankaand therefore development of portsand aviation infrastructure has beenassigned high priority during theperiod between 2005 and 2010. Thetotal commitment during this periodfor ports and aviation sector was USD1,125 million. China, Asian DevelopmentBank (ADB), Japan and Denmarkwere the major donors who made thiscommitment for development of portsand aviation infrastructure in Sri Lanka.Of this total China made the highestcommitment of USD 306.7 million forthe construction of Magampura Port –Phase I in 2007. The following were thekey projects which were implementedin 2010.Magampura PortDevelopment Project –Phase IThe Magampura Port Developmentproject is a flagship project inthe development programme ofthe country. The project includestwo Phases. Phase I of the projectcommenced in 2008 and thefilling of the harbour basin wascompleted in 2010. Phase I of theproject consists of construction ofeast breakwater (315m in length)and west breakwater (950m inlength), two berths with the totallength of 600m, a marine structureto accommodate 100,000DWTcontainer vessels and a 1km lengthapproach channel, 210m in widthand 16m in depth. 90 percent of theproject work was completed by theend of 2010. The total cost of PhaseI was estimated at around USD360.8 million of which USD 306.7million has been provided by theEXIM Bank of China and the balanceUSD 54.1 million has been financedby the Sri Lanka Ports Authority.The total estimated cost of the PhaseII of the project is USD 806 millionand negotiations with the EXIM Bankof China are currently underway forfinancing Phase II.Bunkering Facility andTank Farm inMagampura PortBunkering Facility and Tank Farm arealso established at the MagampuraPort as an integral part of the PortDevelopment under this project. Thiswill provide facilities to supply andstore marine fuel, aviation fuel andLP gas and bunkering services forthe vessels passing by Sri Lanka. Themain components of the project areconstruction of a bulk storage tankfarm with a capacity of 80,000 cubicmeters with mixing facilities of fuel oil,connection of pipe lines from tank farmto the oil terminal, loading/unloadingfacilities and other service connections.At the end of 2010, project worksincluding 100 percent of back filling,86 percent of piling, 80 percent ofbase concrete and 38 percent of tankerection were completed. The overallprogress of the project in 2010 was 60percent. The project is to be completedby October 2011.The total cost of the project is USD76.58 million and 85 percent of thecost is financed with a loan of USD 65.1million from the EXIM Bank of China.Colombo Port ExpansionProjectThe proposed Colombo SouthHarbour will be located west of thepresent south west breakwater in anarea of approximately 600 hectares.The proposed harbour will have fourterminals of over 1,200m in lengtheach to accommodate three berthsalongside depths of 18m and provisionto deepen to 23m to accommodatedeeper draft vessels in the future. Thechannel width of the harbour is to be560m and depth of 20m, with harbourbasin depth of 18m and a 600mturning circle.The ADB has provided a loanamounting to USD 300 million for theimplementation of this project. Thesefunds have been utilized for dredgingthe approach channel and innerharbour west of the existing harbour,constructing a breakwater to the westof the existing harbour, relocating theexisting submarine oil pipe line nearthe entrance to the new terminal,establishing a new marine operationscentre providing navigational aid, andconstructing shore utilities. At theend of 2010, 95 percent of submarinepipeline and 48 percent of breakwaterwere completed.The development of Phase I ofthe Colombo South Harbour isto be carried out in two stages.The first stage of development ofinfrastructure is with public fundsusing an ADB loan of USD 300 millionand stage two is the construction ofterminal facilities with private sectorparticipation.In addition, construction of theOluvil Port and Galle Tourist PortDevelopment Project are in progress.Further, HSBC UK provided USD35 million for emergency purchaseof Container Handling Equipmentfor Jaya Terminal in 2010. Totaldisbursement from foreign loansfor ports development in 2010 wasUSD 268.1 million. Out of the totaldisbursement, USD 114.97 million wasmade by China for Magampura PortDevelopment Project in 2010.266
Page 4 and 5:
Ministry ofFinance and Planning(as
Page 6 and 7:
Heads ofDepartments under thePurvie
Page 8 and 9:
ContentsChapter 1 Development Persp
Page 10 and 11:
Chapter 5 Foreign Financing 243Over
Page 12:
Ministry of Finance and Planning Sr
Page 15 and 16:
SRI LANKA AT A GLANCE - 2005 & 2010
Page 17 and 18:
BRIEFINGSBriefings“Much remains t
Page 20:
Page 23:
1 | DEVELOPMENT PERSPECTIVESEconomi
Page 27 and 28:
1 | DEVELOPMENT PERSPECTIVESThe Ser
Page 29 and 30:
1 | DEVELOPMENT PERSPECTIVESMeanwhi
Page 31 and 32:
1 | DEVELOPMENT PERSPECTIVESBox 1.1
Page 33 and 34:
1 | DEVELOPMENT PERSPECTIVESDecline
Page 35 and 36:
1 | DEVELOPMENT PERSPECTIVESThe inc
Page 37 and 38:
1 | DEVELOPMENT PERSPECTIVESSince 1
Page 39 and 40:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48:
Page 51 and 52:
Page 53 and 54:
1 | DEVELOPMENT PERSPECTIVESThe inc
Page 55 and 56:
1 | DEVELOPMENT PERSPECTIVESDevelop
Page 57 and 58:
1 | DEVELOPMENT PERSPECTIVESChart 1
Page 59 and 60:
1 | DEVELOPMENT PERSPECTIVESContd..
Page 61 and 62:
1 | DEVELOPMENT PERSPECTIVESAviatio
Page 63 and 64:
1 | DEVELOPMENT PERSPECTIVESTable 1
Page 65 and 66:
1 | DEVELOPMENT PERSPECTIVESWater S
Page 67 and 68:
1 | DEVELOPMENT PERSPECTIVESIn orde
Page 69 and 70:
1 | DEVELOPMENT PERSPECTIVEStender
Page 71 and 72:
1 | DEVELOPMENT PERSPECTIVESThe gov
Page 73 and 74:
1 | DEVELOPMENT PERSPECTIVES• Nor
Page 75 and 76:
1 | DEVELOPMENT PERSPECTIVESPropose
Page 77 and 78:
1 | DEVELOPMENT PERSPECTIVESContd..
Page 79 and 80:
1 | DEVELOPMENT PERSPECTIVESHealth
Page 81 and 82:
Page 83 and 84:
1 | DEVELOPMENT PERSPECTIVESHospita
Page 85 and 86:
1 | DEVELOPMENT PERSPECTIVESThe pro
Page 87 and 88:
Page 89 and 90:
1 | DEVELOPMENT PERSPECTIVESNo.Tabl
Page 91 and 92:
1 | DEVELOPMENT PERSPECTIVESChart:
Page 93 and 94:
1 | DEVELOPMENT PERSPECTIVESNumber
Page 95 and 96:
1 | DEVELOPMENT PERSPECTIVESEnviron
Page 97 and 98:
1 | DEVELOPMENT PERSPECTIVESan incr
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
1 | DEVELOPMENT PERSPECTIVESIndustr
Page 107 and 108:
1 | DEVELOPMENT PERSPECTIVESIn addi
Page 109 and 110:
Page 111 and 112:
1 | DEVELOPMENT PERSPECTIVESelectri
Page 113 and 114:
1 | DEVELOPMENT PERSPECTIVESWelfare
Page 115 and 116:
1 | DEVELOPMENT PERSPECTIVESEnhance
Page 117 and 118:
1 | DEVELOPMENT PERSPECTIVESEnding
Page 119:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140:
Page 143 and 144:
1 | DEVELOPMENT PERSPECTIVESWagesIn
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
03REFORM INITIATIVES173
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200:
Page 203 and 204:
4 | State Owned Enterprises (SOE)Ov
Page 205 and 206:
4 | State Owned Enterprises (SOE)Ta
Page 207 and 208:
4 | State Owned Enterprises (SOE)Ta
Page 209 and 210:
4 | State Owned Enterprises (SOE)Ba
Page 211:
4 | State Owned Enterprises (SOE)Na
Page 214 and 215:
Page 216 and 217: Ministry of Finance and Planning Sr
Page 288: Ministry of Finance and Planning Sr
Page 291 and 292: 6 | DEVELOPMENT FINANCEOverviewThe
Page 293 and 294: 6 | DEVELOPMENT FINANCEduring the y
Page 295 and 296: 6 | DEVELOPMENT FINANCEMicrofinance
Page 297 and 298: 6 | DEVELOPMENT FINANCEBox 6.2Micro
Page 299 and 300: 6 | DEVELOPMENT FINANCEfertilizer i
Page 301 and 302: 6 | DEVELOPMENT FINANCETeaTea is th
Page 303 and 304: 6 | DEVELOPMENT FINANCEIn order to
Page 305 and 306: 6 | DEVELOPMENT FINANCETable 6.12 >
Page 307 and 308: 6 | DEVELOPMENT FINANCEMap 6.1 > Pr
Page 309 and 310: 7 | FINANCIAL STATEMENTSFinancial S
Page 311 and 312: 7 | FINANCIAL STATEMENTSStatement o
Page 313 and 314: 7 | FINANCIAL STATEMENTSAnalysis of
Page 315 and 316: 7 | FINANCIAL STATEMENTSStatement o
Page 317 and 318:
7 | FINANCIAL STATEMENTSNotes to Fi
Page 319 and 320:
Page 321 and 322:
Page 323 and 324:
Page 325 and 326:
Page 327 and 328:
Page 329 and 330:
Page 331 and 332:
Page 333 and 334:
Page 335 and 336:
Page 337 and 338:
Page 339 and 340:
Page 341 and 342:
Page 343 and 344:
Page 345 and 346:
Page 347 and 348:
Page 349 and 350:
Page 351 and 352:
Page 353 and 354:
Page 355 and 356:
Page 357 and 358:
Page 359 and 360:
Page 361 and 362:
Page 363 and 364:
Page 365 and 366:
Page 367 and 368:
Financial StatementsHead-wise Summa
Page 369 and 370:
Financial StatementsHead-wise Summa
Page 371 and 372:
Financial statementsHead-wise Summa
show all

Annual Report 2010 - Ministry of Finance and Planning

Create successful ePaper yourself

Delete template?

Save as template?