IUCN signs MoU with HSBC
The International Union for Conservation of Nature (IUCN) signed an
MoU last week with HSBC to restore a traditional cascade tank system in
the North Central Province. The project will be completed within three
years. This is a part of HSBC's Global Water Program.
IUCN and HSBC officials sign the MoU
to restore a cascade tank system in Anuradhapura.
The partnership will provide an opportunity to demonstrate ecological
and socio-economic benefits of the cascade tank system.
"We are confident that the lessons learnt from this project and the
partnership with key agencies would help ensure the best practices in
restoration and management which could influence policy towards taking
cascade systems of tanks as a planning unit for future restoration
efforts of small irrigation tanks in Sri Lanka," IUCN Acting Country
Representative Shamen Vidanage said.
The IUCN Sri Lanka Country Office, the main implementing partner of
the project, has built a strong team with the support of the Departments
of Agrarian Development, Agriculture, Irrigation, the Mahaweli Authority
and the Department of Agricultural Engineering of the University of
Peradeniya to facilitate the implementation and coordination of related
"Sri Lanka faces challenges in the area of water management. The
importance of water as an essential resource in the daily lives of
communities increases the need for a better water management mechanism.
It is essential to implement rapid collaborative action worldwide to
enhance water resource management which is vital for global economic
growth," said HSBC Sri Lanka and the Maldives, Chief Executive Officer
The objective of this intervention is the restoration of a cascade
tank system that is unique and traditional, a mechanism used for over
2,500 years to collect rain water for agriculture, rural livelihoods and
The project will involve the scientific restoration of the
Kapirikgama cascade tank system in the Anuradhapura district and the
development of a sustainable management mechanism with the participation
of local communities and regulatory bodies. The project will also
restore watershed contributing to the sustainability of the system and