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Press briefing of Cabinet Decision taken on 2015-02-18
ADB Loan No.2518 SRI : Clean Energy and Access Improvement Project - Part 2 - Transmission System Strengthening - Transmission Lines - ICB No.CEB/AGM/TR/2009/ICB/003 - Extra Contractual Payment for Price Escalation

- the above contractual price had been determined based on the quantities included in the (Bills of Quantities) BOQ of the tender prepared at the time of bidding. As per the conditions of the contract, payments have been made having measured the actual quantity of work done at the time of construction. The proposal made by Hon. Patali Champika Ranawaka, Minister of Power and Energy, to pay the contractor the contract price increased, due to changes in tower types, tower quantities and foundation erection work as a result of additional activities carried out in the course of the implementation of the project, on the approval of the price variations, based on the recommendations made by the Cost Estimate Examination Committee, was approved by the Cabinet.