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Contents

Part IX · Public Investment Management

44. Project monitoring and evaluation

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Each public entity shall ensure that all public investment projects, including public-private partnership projects be delivered on time within the budgetary allocation, and in accordance with the guidelines issued by the Secretary to the Treasury.

(2)

Each Chief Accounting Officer or Accounting Officer responsible for the implementation and monitoring of approved public investment projects shall submit the annual action plan, and provide information on the implementation of each such projects to be monitored monthly by the

Ministry of the Minister of Finance.

(3)

There shall be a Committee appointed by the Cabinet of Ministers comprising members not more than eleven from the Heads of entities responsible for planning, resource mobilizing, budgeting, financing and monitoring, to take expeditious strategic decisions relating to implementation of public investment projects based on information provided by the relevant Chief Accounting Officers and Accounting

Officers.

(4)

The Head of the Department responsible for project monitoring and evaluation shall be the Secretary to the

Committee.

(5)

The functions and responsibilities of the Committee and the manner of monitoring and evaluation of projects as may be prescribed.

(6)

Any substantial changes to contracts or agreements affecting the sustainability and affordability of any project specified in subsection (1) shall be approved in advance by the Minister of Finance. The Minister of Finance may determine the criteria for determining any change in a contract or agreement as substantive, taking into account relevant written laws or guidelines.

Part X

Government Borrowings and Guarantees

Part XI

Accounting and Reporting

Part XII

State Owned Enterprises

Part XIII

Provincial Councils and Local Authorities

Part XIV

Cadre Management

Part XV

Offences and Penalties

Part XVI

Miscellaneous Provisions

Part XVII

Repeals

Part XVIII

Interpretation