As some of the Tokyo aid dollars begin to roll in, a top level government committee is looking at fast tracking some of the key infrastructure projects.
Top among the list is a series of road networks that is aimed at spurring economic growth and creating new jobs.rn
rnCabinet Spokesperson, Prof. G L Peiris says a high level committee, which includes the Prime Minister and the Finance Minister, is drawing up a three-year plan on how they plan to spend the US$ 4 bn aid package.rn
rnldblquote The committee is now prioritising projects, specially those funded by the ADB and World Bank, with emphasis on a US$ 200 mn project to improve the road network in the country,
dblquote Peiris told journalists on Thursday.rn
rnThe government is looking at setting up a powerful Tennesee Valley type authority to cut through red tape in implementing large development projects in the country.rn
rnStill in its tentative stage, the powerful authority will be similar to the River Valleys Board or the Mahaweli Autho