In a social media post, Minister of State for Finance Shehan Semasinghe said he discussed the Mahaweli Water Security Investment Program at the Finance Ministry with Youssef Al-Mulam, Asia-Pacific regional manager of the OPEC Fund, Xinhua news agency reported.
According to the minister, the program is currently being implemented under a facility of over $300 million from the Asian Development Bank, and the OPEC Fund has agreed to co-finance another $100 million.
The project, designed to deliver water from Moraghakanda Reservoir to Hurulu and Mahakandara Reservoirs, is a testament to the success of Sri Lanka's debt restructuring and reform programme, the minister said.
According to the minister, the program is currently being implemented under a facility of over $300 million from the Asian Development Bank, and the OPEC Fund has agreed to co-finance another $100 million.
The project, designed to deliver water from Moraghakanda Reservoir to Hurulu and Mahakandara Reservoirs, is a testament to the success of Sri Lanka's debt restructuring and reform programme, the minister said.
