RPCC take flack at PDP evaluation
A Huge Asian Development Bank (ADB) loan facility to plantation sector projects produced mixed results at winding –up stage of funding component. Minister, Plantation Industries said at this forum yesterday that low profitability was also due to low productivity and high cost of production. He said the mixed financial position of the RPCC is partly attributable to the inherent properties of the estates and management.
Donor Agencies are also concerned that economic viability and living and working conditions of plantation workers will have implications on markets and adverse relations from consumers in developed countries.
Project Director PDP, Raja Premadasa said at the presentation of his evaluation, that although approximately Rs. 1.3 billion was the total component value, there were yet areas of concern that project realization was not wholly achieved.