ECONOMYNEXT – Japan has provided a JPY 200 million grant to boost north-east fisheries infrastructure, and JPY 160 million for the establishment of a doppler weather radar network.
Ambassador of Japan to Sri Lanka Mizukoshi Hideaki, and, secretary, ministry of finance K M M Siriwardana signed the exchange notes, a statement from the embassy said.
The first grant, amounting to JPY 200 million (approximately Rs 435 million), is designated for enhancing the north-east fisheries infrastructure
The second grant of JPY 160 million (approximately Rs 335 million), is an additional grant for the project for the establishment of a doppler weather radar network.
The Rs 435 million will provide Ceylon Fisheries Harbour Corporation with ice production machines and digital scales, the National Aquaculture Development Authority with advanced fishing gear, and the Fisheries and Aquatic
Resources Department with deep freezers and tractors with deep freezers.
“This investment aims to fortify the fisheries industry by expanding freezer facilities and supplying modern equipment, ultimately increasing the value of fisheries production and improving the livelihoods of fishing communities in the Northern and Eastern provinces,” the statement read.
In an effort to enhance Sri Lanka’s short-term weather forecasting capabilities and mitigate the impact of meteorological disasters, the Japanese government has been supporting the establishment of a doppler weather radar network since June 30, 2017.
Due to the current economic crisis, an additional grant has been provided for this project.
Given the increasing severity of Sri Lanka’s weather-related disasters such as heavy rainfall and droughts, the additional grant aid is expected to contribute to the establishment of the doppler weather radar network, furthering efforts to mitigate the impact of meteorological disasters. (Colombo/Nov22/2023)