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Lanka seeks long-term credit line from KSA to procure oil
Environment Minister Naseer Ahamed initiates talks
Special Envoy of President Ranil Wickremesinghe to the Kingdom of Saudi Arabia (KSA), Environment Minister Naseer Ahamed has entered into discussions with the Saudi government, seeking Riyadh’s collaboration with Colombo, for a five-year credit line of US $ 6 billion per annum for the supply of fuel, on a government to government basis as a long-term solution to Sri Lanka’s current economic crisis, sources disclosed.
Minister Ahamed as special envoy also proposed Saudi investments in Sri Lanka for manufacturing fertiliser, constructing petroleum storage facilities, establishing fuel supply stations, modernising and expanding the refinery, opportunities in mining minerals and promoting renewable energy.
During the meeting with the Saudi Vice Minister of Foreign Affairs, Waleed Al Khuraiji, in Riyadh, last week, Minister Ahamed intimated President Wickremesinghe’s desire to invite the Saudi Crown Prince Mohammed bin Salman to visit Sri Lanka at his convenience. A possible visit of President Wickremesinghe to Riyadh, prior to the Saudi ruler’s visit to Sri Lanka, had also surfaced in the discussions, sources said.
At the meeting with Eng. Mansour bin Hilal Al Mushaiti, Vice Minister of Environment, Water and Agriculture, Special Envoy and Environment Minister Ahamed referred to the role of coconut peat in the 10 million trees project of the Saudi Green Initiative and the possibilities of the Saudi Ministry investing in a coco-peat venture in Sri Lanka, and also setting up a fertiliser manufacturing project, that may help Sri Lanka achieve self-sufficiency in food. The Ministers followed up with a visit to the Saudi Basic Industries Corporation (SABIC) which produces fertilisers, industrial polymers, triple phosphate fertiliser and petrochemicals. ‘SABIC’ had responded with its readiness to supply Sri Lanka’s requirements, on a government to government basis, or to the private sector.
The Sri Lankan Minister also called on the Saudi Development Fund. Its CEO, Dr. Sultan Al Marshad said that the Fund is principally a development partner in projects and a lending agency. They would take a flexible approach, if invited for the meetings relating to the restructuring of Sri Lanka’s loans with other lending nations and entities, and that the Fund’s participation can benefit Sri Lanka.
The Special Envoy also visited the ACWA Power headquarters, in Riyadh, an entity which had made investments worth US $ 2.4 billion, in Uzbekistan, on 22nd August, this year, on a 1.5 GW wind farm project, and invited the group to explore investment opportunities in Sri Lanka. ACWA Power had already indicated interest in investing, in the range of US $ 600 to 800 billion, in Sri Lanka.
According to an internal report, received by the government from Riyadh, the Arabic speaking Environment Minister of Sri Lanka, “an alumnus of the King Fahd University of Petroleum and Mineral, in Riyadh, had received considerable recognition during all his engagements with the Saudi establishments, widening considerably the scope for cooperation between the two countries”.
The Environment Minister was in Saudi Arabia, from 28 August to 1st September, and was accompanied by Sri Lanka’s Ambassador to Saudi Arabia, P. M. Amza, and other officials. The Minister is understood to have briefed the President and the Cabinet on Monday.
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A mechanism that goes beyond the normal state apparatus is needed to restore public life – President
President Anura Kumara Dissanayake emphasised that a unified operational mechanism, which goes beyond the normal state administration, is required to restore public life after a disaster.
The President stated this while participating in the Kandy District Coordinating Committee meeting held at the Kandy District Secretariat on Saturday (06).morning
During the meeting, the President separately reviewed the progress of the programmes underway to restore essential infrastructure in the district, including the roadways, electricity, water and fuel supply, irrigation systems and communication facilities.
The President instructed officials to utilise the allocated provisions for the next 25 days to complete road clearing activities swiftly, until the permanent reconstruction of roads is completed.
The President also instructed that water supply in the district be fully restored within three days. Until then, the water requirements of the public should be met through bowsers and such activities must be carried out as an emergency measure beyond the usual procedure, with technical support from the Tri-Forces.
Further, he instructed that the cleaning of household wells be carried out under the coordination of Divisional Secretariats and that electricity supply in the district be restored by 31 December through temporary repairs, while major reconstruction work will be carried into the second phase.
The President pointed out the need to identify arable lands and give priority to cultivation. He instructed that cultivable paddy fields be identified urgently and supplied with the required irrigation water and highlighted the importance of coordinated action by the Department of Irrigation, Provincial Irrigation Department and the Department of Agrarian Development.
He also instructed officials to expedite the payment of the Rs. 200,000 compensation allocated to identified farmers and fields and to submit a report on the extent of vegetable cultivation affected in the district within two weeks. Accordingly, Rs. 150,000 per hectare will be paid as compensation to the affected vegetable farmers and necessary amendments will be made to provide the same compensation for losses incurred in banana cultivation.
The impact on the livestock sector due to the disaster was also broadly discussed. The President highlighted the need to maintain updated data regarding the number of farms and livestock.
He explained the need to restart damaged livestock farms swiftly, to restore income sources for the farmers and to meet the country’s food needs, including milk, poultry and eggs.
Discussions were also held regarding restoring fuel supply in the district. Due to road blockage, fuel supply has been disrupted in Pussellawa and Meetalawa. The President instructed that, through coordination between the Road Development Authority, the Tri-Forces and the Police, fuel be supplied to these areas by Saturday [06] evening.
The resumption of schools in the Kandy District was also discussed. The President instructed officials to minimise delays in reopening schools to ensure that examinations are held as scheduled.
The President also examined in detail the steps taken to restore the district’s health services, railways and communication facilities.
Discussions were held regarding housing damage and the resettlement of affected people. The roles of the Geological Survey and Mines Bureau and the required staffing needs were considered.
The President stated that state-owned lands in adjacent areas will be identified and presented for resettlement activities and necessary interventions will be made to release such lands through discussions with relevant institutions. He emphasised that the government’s objective is to resettle people safely and continuous assessment must be carried out to ensure that compensation provided for destroyed and partly damaged houses is used properly for reconstruction.
As all compensation payments will be made under the 2025 Budget, the President stressed the need to complete all payments before 31 December, to avoid a burden on the 2026 Budget. He said the dedication of all state officials is essential to successfully implement the programmes initiated to restore public life.
Attention was drawn to the garbage disposal problem in Gampola. As a long-term solution, the President instructed that, until the relevant Mahaweli land is released, land belonging to the Ceylon Electricity Board be temporarily allocated for the purpose.
Attention was also paid to the damage caused to state institutions due to the disaster situation.
While noting that natural disasters such as floods, storms and landslides cannot be prevented, the President emphasised that the loss of lives and property can be minimised. He stated that a proper study of the Central Highlands is needed and a long-term plan must be prepared to restore the eroding ecological system.
He further highlighted the need to enforce the powers of local authorities to prevent similar disasters in the future, stating that no room should be given for illegal constructions hereafter. He also noted that Ceylon Electricity Board should not provide electricity to such unauthorised locations.
The President stated that although some expected it would take a long time for the country to recover after the disaster, the government has already been able to restore public life to normalcy within a very short period. He added that by working together for a little longer, the desired goals can be achieved.
The President expressed special appreciation for the dedication shown by state officials and the Tri-Forces in carrying out these tasks.
Minister of Agriculture, Livestock, Land and Irrigation K.D. Lal Kantha, Deputy Minister of Transport and Highways Prasanna Gunasena, Deputy Minister of Health Hansaka Wijemuni, Members of Parliament Jagath Manuwarana and Thanura Dissanayake, as well as Central Province Governor Professor Sarath Abeykoon, Chief Secretary G.H.M.A. Premasinha, Kandy District Secretary Indika Udawatta and officials representing all line agencies including the Road Development Authority, Ceylon Electricity Board and the Irrigation Department attended the occasion.
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President calls on the Mahanayake Thera of the Asgiri chapter
President Anura Kumara Dissanayake on Saturday (06) morning visited the Asgiri Maha Viharaya and paid respects to the Mahanayake Thera of the Asgiri Chapter, Most Venerable Warakagoda Sri Gnanarathana Thera, from whom he received blessings.
The President briefed the Mahanayake Thera on the government’s programmes to provide relief to the people affected by the prevailing disaster situation and engaged in a brief discussion with him.
Thereafter, the President called on the Anunayake Thera of the Asgiri Chapter, Most Venerable Narampanawae Ananda Anunayake Thera and also held a brief discussion with him.
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President calls on the Mahanayake Thera of the Malwathu chapter
President Anura Kumara Dissanayake on Saturday (06) morning visited the Malwathu Maha Viharaya and paid respects to the Mahanayake Thera of the Malwathu Chapter, Most Venerable Thibbatuwawe Sri Sumangala Thera.
The President briefed the Mahanayake Thera on the government’s programmes to provide relief to the people affected by the prevailing disaster situation and engaged in a brief discussion.
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