Sri Lanka Tsunami – Building Fund

Putting Sri Lanka together again after Sunday’s tsunami will cost US$ 1 bn says the island’s President Chandrika Kumaratunga. Putting Sri Lanka together again after Sunday’s tsunami will cost US$ 1 bn says the island’s President Chandrika Kumaratunga. “The reconstruction process will cost around hundred billion rupees,” says Kumaratunga told journalists after a visit to the tsunami stricken island on Thursday.

“I don’t suppose it will be more than Rs. 100 bn it should be less. The cost to property vehicles and equipment is enormous,” she said.

Kumaratunga’s United People’s Freedom Alliance (UPFA) government is hoping to raise a billion dollars through another international donor conference next year.

Sri Lanka’s previous UNF government picked up US$ 4.5 bn in Tokyo through a similar venture of international goodwill to reconstruct the war ravaged north east June 2003.

The World Bank said Thursday that it has diverted existing loans to buy drugs, finance water pumps, portable water and tractors for disaster hit areas.

The current UPFA government is targeting Jan 15, 2005 to get a report out for donors t