JICA grants Yen 2.18 billion to upgrade Kelani River basin in Peliyagoda
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How it started
What happened
The cabinet approved a grant from Japan International Cooperation Agency (JICA) totaling Yen 2.18 billion, which is about Rs. 4.56 billion. This funding is designated to upgrade the pumping station within the Kelani River basin. The project is expected to reduce flood risk in the lower sub-basin covering Wattala and Peliyagoda.
From ft.lk
Why it matters
The project is intended to support sustainable urban development and free up land that can be used for national economic activities. The foreign grant provides critical funding for national infrastructure and flood risk reduction in Sri Lanka.
From ft.lk
Who's involved
- Japan International Cooperation AgencyProviding the Yen 2.18 billion grant to upgrade the river basin infrastructure.
- cabinetApproving the grant agreement and signing the Exchange of Notes with the Government of Japan.
- Kelani RiverThe river basin targeted for the pumping station upgrade.
- PeliyagodaThe suburb within the river basin expected to benefit from flood risk reduction.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Sri LankaSpeculative
Sri Lanka could see improved national infrastructure and reduced costs associated with flood risk.
- cabinetSpeculative
The cabinet might secure foreign development funding for national infrastructure projects.
- Japan International Cooperation AgencySpeculative
Japan International Cooperation Agency might increase its funding access for international development projects.
How it developed
Newest first. Tap a step to see who reported it.- Japan grants funding for a flood control project in Peliyagoda.Sub-event
Cabinet approved JICA grant for Kelani River basin upgrade in Peliyagoda.1 source
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The entities involved
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Kelani River
river in Sri Lanka
Nothing else this week.
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Peliyagoda
suburb in Western Province, Sri Lanka
Nothing else this week.
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Japan International Cooperation Agency
governmental agency
Nothing else this week.
Related events
- Japan provided a JPY 3.75 billion grant to Bhutan, with JICA officials visiting the country.
- JICA assisted in water and wastewater projects in Delhi as part of Japan's development efforts.
- A national government is providing counterpart funding for projects involving both the Japan International Cooperation Agency and the Asian Development Bank.