Highways to be leased out to Chinese Co: PHU

21 August 2017 07:27 pm - 20     - {{hitsCtrl.values.hits}}

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The government is attempting to lease out the three expressways to a Chinese Company called ‘Shandong’, the Pivithuru Hela Urumaya (PHU) claimed today.

It said a proposal was to be presented to the Cabinet this week to lease out the Southern, Katunayake and Colombo Outer Circular Expressways.

“The expressways are among the latest to fall prey to government moves. The Cabinet paper seeks approval to lease out the highways for US$600 million. The government might say it is not selling but leasing out the expressways. However, if an asset carries a lease of more than 10 years, it is considered a sale,” party leader Udaya Gammanpila told a news conference.

He said the ministers had discussed the matter at the previous cabinet meeting and a senior minister had suggested to create an authority to control the expressways and sell shares of that authority to the Chinese Company.

“This suggestion has been made to overcome any opposition by the people. Regardless of the method adopted, we are completely against this move,” he said. (Lahiru Pothmulla)

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  Comments - 20

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  • Maalumiris Monday, 21 August 2017 07:42 PM

    Can we lease out our PM and President ? Come to think of it, lets lease out the whole government. They are certainly no use to Sri Lanka

    True Citizen Tuesday, 22 August 2017 10:44 AM

    This is the only solution we have as of now to pay back the loans your appachchi bought from the rest of the world... Do you have a better solution?

    Prof Soyza Tuesday, 22 August 2017 11:22 AM

    Any country who developed the infrastructure borrows money. Even a listed company doesn't use its own funds even available to put up even a new building. That's why banking and financing sector present in the world. And without developing the infrastructure, a county will never be developed.

    Snowy Monday, 21 August 2017 07:48 PM

    With the present chargers for the use of the highway no company will invest is such a project.

    Mandy Monday, 21 August 2017 08:01 PM

    Can you please tell us what you are for in anything. You oppose everything this govt does without suggesting any alternatives. All govt managed enterprises are at a loss or just scraping through.

    GGR Monday, 21 August 2017 08:23 PM

    Don't believe what this HORA telling.

    Mevan Monday, 21 August 2017 09:02 PM

    Oh my god, I have leased out a building owned by me to a reputed company for 15 years. According to the lease agreement I should get back the building at the end of that period. Will I lose ownership at the end of the lease?

    SeriouSena Monday, 21 August 2017 09:21 PM

    Can we lease that cattle ranch over Diyawanna Oya?

    ceylon Monday, 21 August 2017 09:31 PM

    very good move.government earn it as profit.otherwise government earning has to be loose due to all kind if corruptions.just like other government enterprisess. via DM Android App

    ceylon Monday, 21 August 2017 09:33 PM

    privertise all government enterprisess.presently hundreds of billions government loose annualy due to corruptions under government management. via DM Android App

    ceylon Monday, 21 August 2017 09:35 PM

    privertise all government run businessess and take taxess from them.then government dont loose even one ruppee.now hundreds of billions anualy loose to corruptions. via DM Android App

    Park Monday, 21 August 2017 10:27 PM

    By leasing out the roads the Chinese company is not going to take the roads to China. As long as the funds received are used to pay back the loans (which includes the commission previous Govt leaders took) and all future expenses are met by the Chinese company it should be good for the country. Govt should ensure is that the rates charged by the Chinese company should be according to a pr-existing formula agreed by both parties and not allow arbitrary increases.

    Ravi Tuesday, 22 August 2017 08:28 AM

    PHU is a big liability to this country.

    patriot Tuesday, 22 August 2017 08:30 AM

    please lease the cricket team and the board as well....

    Daily Boru Tuesday, 22 August 2017 08:48 AM

    So what? Is this the only country?

    Patrick Tuesday, 22 August 2017 09:58 AM

    Not only High way, If possible every government department that are showing loss to be privatized. God bless Sri Lanka

    Lankaputra Tuesday, 22 August 2017 10:22 AM

    Full of Horas in the Parliament, they always plunder thewealth of their Mother Lanka and put their poor citizensin the lurch and least other Countries with dedicated hard work and uplift our nation's health and wealth for the sake of our poor citizens.

    Don Juan Tuesday, 22 August 2017 10:34 AM

    Can we consider to lease out the followings also to make quick bugs1.0 Singaraja to USA2.0 Samanala Kanda to KSA3.0 Trinco to India

    Lord Wolfstein Tuesday, 22 August 2017 10:54 AM

    Lease out the highways is a good thing because the government can not manage companies as Sri Lankan Airlines shows. But do not give it to the Chinese. China is the new colonial power, which exploits other countries brutally. It also indirectly supports a dictatorship which constantly violates human rights.

    REEZ Tuesday, 22 August 2017 05:33 PM

    Can we lease out JO thieves


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