Two Indian companies that have awarded contracts in 2020 to construct 06 oil tanks at the Ceylon Petroleum Corporation’s Kolonnawa oil installation premises, are yet to complete the project, reports say.
The two companies that have been awarded the contract are Indo East Pvt Ltd. and J.K. Mukherjee.
Although they were supposed to build 06 oil tanks, only one has been built so far.
However these two companies had given a subcontract to another company named Gopal, which had violated the original Tender contract, ‘Sri Lanka Mirror’ learns.
The problematic situation resulting in work being hampered had started after the Gopal company and the Mukherjee company had sought legal redress against each other, reports say.
It is said that this Mukherjee company, which has no expertise in building such tanks, was awarded the contract over the whims of a top official of the engineering department at the oil installation and a secretary of a former minister in 2020.
Also, it is reported that the Mukherjee company has been paid well over the estimated amount even ahead of the relevant quarter, despite the non completion of the construction. The quarterly payment made in this manner had even exceeded Rs. 500 million, reports add.
The Election Commission has released the first official results from the 2025 Local Government polls, with the National People’s Power (NPP) claiming victory in the Tangalle Urban Council, Hambantota District.
Tangalle Urban Council Results National People’s Power (NPP): 2,260 votes (9 seats) Samagi Jana Balawegaya (SJB): 1,397 votes (5 seats) Sri Lanka Podujana Peramuna (SLPP): 795 votes (3 seats) United National Party (UNP): 265 votes (1 seat) Sarvajana Balaya (SB): 177 votes (1 seat)
The JVP-led NPP’s strong showing in this southern urban council marks a significant shift in the region traditionally dominated by the SLPP.
Political analysts note this could signal changing voter sentiments amid economic pressures.
Voting concluded at 4:00 p.m. today after a largely peaceful process.
Counting continues for 338 other local bodies, with results expected through the night.
World Bank group President – Ajay Banga will visit Sri Lanka tomorrow (May 07).
It is the first visit by the head of the multilateral lender in 20 years, following an invitation extended by President Anura Kumara Disanayake last year.
“The visit comes at a critical moment, as Sri Lanka continues its path toward economic recovery and seeks to build a more resilient, inclusive, and private sector-led future,” the World Bank says.
Banga will meet President Dissanayake, Prime Minister Harini Amarasuriya, and senior government and private sector leaders.
“These discussions will center on how Sri Lanka can overcome current challenges and seize new opportunities as it continues to recover economically and socially,” the World Bank added.
The World Bank Group currently maintains a portfolio of projects in Sri Lanka valued at $2.2 billion, encompassing both public and private sector investments. While recent reports have acknowledged Sri Lanka’s progress, the Bank continues to emphasize the need for poverty reduction and reform continuity to ensure sustained recovery.