There won’t be any additional water tariff hikes: Minister

Date:

Colombo (LNW): Minister of Water Supply and Estate Infrastructure Development, Jeevan Thondaman, emphasised that there are no plans to increase the water tariffs. Instead, the ministry is diligently working on implementing a water tariff formula, set to roll out in January, 2024, the Minister noted, according to a statement by the President’s Media Centre.

He assured the public that following the water tariff hike in August 2023, there will be no further increases.

The focus is now on developing a cost recovery formula, a collaborative effort with the Water Board, and Asian Development Bank (ADB) project, an integral part of a policy-based sub-programme .

This sub-programme aims to contribute US $ 100 million to the centralised budget upon completion.

Minister Thondaman addressing the News Briefing at the Presidential Media Centre (PMC) today (24) under the theme ‘Collective path to a stable country’ clarified the government’s stance on water tariffs and announced initiatives to support the Upcountry community.

Share post:

spot_imgspot_img

Popular

More like this
Related

Dairy Industry Slumps Despite Surging Demand  Milk Farmers Face Crisis

The Sri Lankan dairy industry is at a crossroads....

Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...