Sri Lanka water tariff cut of up to 10-pct under formula: Minister

Sri Lanka’s cabinet has given approval to cut household water tariffs up to 10 percent under a cost reflective tariff formula, Minister Bandula Gunawardana said. “Low income domestic users will get a reduction of about 10 percent,” Gunawardena told reporters. Read more on Economy Next

Sri Lanka Water Board to sell under formula from 2025

Sri Lanka’s cabinet of ministers has approved a cost-based price formula for state-run National Water Supply and Drainage Board, Minister Bandula Gunawardana said. The price formula will be implemented from next year, Minister Gunawardana told reporters Tuesday. The price formula is part of reforms linked to a 100 million US dollar budget support loan from […]

Sri Lanka Water Board makes profits, tax-payers inject Rs28bn

Sri Lanka’s state-run National Water Supply and Drainage Board has made a profit of 5.2 billion rupees in the year to December 2023, after a tariff increase despite not getting money for 25 percent of its water it pumps out. Total revenues went up to 61.8 billion rupees in 2023 from 35.4 billion rupees, a […]

Sri Lanka to seek private investments in water sector

Sri Lanka is looking to form public private partnerships in the water sector, specifically to focus on rural water supply, Minister of Water Supply and Estate Infrastructure Jeevan Thondaman has said. “Not privatization, but public private partnerships,” Thondaman said at a press briefing on Monday. “When we enhance private sector participation, we create a more […]

Sri Lanka water board eying price hike

Sri Lanka’s state-run National Water Supply and Drainage Board (NWSDB) has sought a price increase increase to cover its operating costs.