Connect with us

News

2 Indian contractors yet to complete oil tank construction

Published

on

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.

News

Sri Lanka Mirror wishes everyone a happy Sinhala and Tamil New Year!

Published

on

By

The 2024 Sinhala and Tamil New Year dawned at 09.05 pm last night (April 13).

‘Sri Lanka Mirror’ extends heartfelt New Year greetings to all our readers. May this upcoming year be filled with boundless happiness, prosperity, and success for each and everyone of you.

–  Sri Lanka Mirror team

Continue Reading

News

Derailed train causes delays on coastal line

Published

on

By

A train has derailed at the Kalutara South railway station on Saturday morning (13).

Trains operating on the Coastal Line are thus experiencing delays, Sri Lanka Railways said.

Continue Reading

News

Kristalina Georgieva to head IMF for a 2nd term

Published

on

By

The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

Continue Reading

Trending

Copyright © 2023 Sri Lanka Mirror. All Rights Reserved