MR rejects Ranil’s claims
Posted on May 31st, 2015

Courtesy The Daily Mirror

While rejecting allegations that his government had misappropriated some Rs. 28b at the Highway ministry, former President Mahinda Rajapaksa today charged that the current government is engaging in a smear campaign against him and an attempt to belittle the solid achievements of his government in infrastructure development.

Issuing a statement the former President said;

Prime Minister Ranil Wickremesinghe alleged yesterday, that I had in my capacity as the Minister of Highways taken a loan of Rs. 55 billion from the National Savings Bank for 28 road projects but that Rs. 28 billion of this money had been used for other purposes such as helicopter rides and providing free meals to people.

This is a part of the ongoing smear campaign against me and an attempt to belittle the solid achievements of my government in infrastructure development. The Road Development Authority did indeed obtain a long term credit facility of Rs. 55 billion from the NSB for 28 road projects. The Rs. 28 billion referred to by the Prime Minister is not a part of the Rs. 55 billion long term loan.

It is a separate short-term loan that was negotiated between the Road Development Authority and the NSB to meet payments relating to various ongoing projects.

The Treasury has in fact issued ‘letters of comfort’ to the NSB asking them to release this short-term loan to the RDA to be settled later through the 2015 budget. All road projects are evaluated by RDA engineers and tender boards and payments are certified based on the work done.

The Parliamentary Committee on Public Enterprises (COPE) can verify the work carried out by the RDA on the basis of the NSB credit facilities. The Rs. 28 billion short-term loan from the NSB was utilised for most part to meet the ‘local component’ requirements in projects funded by foreign donors like JICA and the ADB.

Some of it was used for the maintenance and repair of existing roads. In any event all the money was spent on Road Development. As for the other Rs. 55 billion taken from the NSB, some of the projects coming under that long-term loan are still ongoing and the entire amount has not yet been utilised.

I wish to state that provision was made in my last budget for the repayment of the entire short-term loan of Rs. 28 billion to the NSB and it was approved by parliament.

The reason why the present government is concocting various stories about this Rs. 28 billion is obviously because they have mis-spent the money allocated in my budget and are now unable to make the scheduled payment to the NSB. –

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4 Responses to “MR rejects Ranil’s claims”

  1. Christie Says:

    Namaste: Indian Empire has agreed to provide short term and long term financing. Jai Hind

  2. Sarath W Says:

    Just ignore that stupid poofter. He is getting desperate now singing that old song of corruption again and again hoping some will stick if he continues to throw mud. That idiot has no idea what $18 million is.

  3. Fran Diaz Says:

    Now that the No Confidence motion against RW is to take place in the Parliament, the FALSE allegations against MR & his former govt is getting worse by the day. This is shameful. I think RW is laughing at the entire country – how he has taken the country for ride along with his pals who have also let down Lanka. This is getting sillier by the day and more serious by the day too. It is a circus, a ‘rukada natuma’ and one wonders why and to please whom.

  4. jay-ran Says:

    Shameless MY3 goiyatoo has no backbone to rulethe ILLEGAL PM RANIL THE BATALANDA MINEEMARUWA TO STOP ISSUING FABRICATED FALSE ALEGATIONS AGAINST THE GREAT FORMER PRESIDENTWHO GOT THE COUNTRY LIBERATED FROM THE EVIL TAMIL MURDERERS LTTE.This foolcannot understand or donot want to accept that peopleof Siri Lanka are now living without fear of bombs etc.

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