Flood-ravaged Sri Lanka seeks assistance for rebuilding

Image
IANS Colombo
Last Updated : May 25 2016 | 4:22 PM IST

Sri Lanka has sought international assistance in rebuilding the island nation after devastating floods and landslides killed at least 101 people and displaced over 200,000 last week, Finance Minister Ravi Karunanayake said on Wednesday.

Karunanayake said the country has received "tremendous" international support and the government now hopes to receive monetary assistance in terms of grants and commercial loans, Xinhua news agency reported.

The damage incurred from the floods and landslides value up to $2 billion (147.37 billion Sri Lankan rupees), he said.

According to a preliminary assessment, so far 101 people were killed in days of heavy rains last week while 620,000 were affected across the island.

However, rescue teams said the numbers were much higher.

The Sri Lanka government, through the 2016 budget, has allocated Rs.10 billion for damage through natural disasters and those funds were being utilised to begin resettling families whose houses were partly destroyed, the minister said.

"There is a lot that needs to be done and we want to get the country back to normal as soon as possible. The government is putting in all its efforts to provide relief to the affected people," Karunanayake said.

He added that next month new laws will come into effect, requiring people to get an environmental clearance to construct a house. This would ensure that houses are not built in landslides and floods prone zones.

--IANS

py/vt

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 25 2016 | 4:10 PM IST

Next Story