Ranil inquires about agreement with KRRISH Group

7 November 2012 02:51 am - 28 - {{hitsCtrl.values.hits}}

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Opposition Leader Ranil Wickremesinghe yesterday questioned the 20% lease payment of Rs. 1 billion remitted to the account of the Sri Lanka Government as per lease agreement of 4 acre land in Fort with KRRISH Group

Mr. Wickremesinghe who made a statement in Parliament said the investor KRRISH Group had agreed to pay 20% of the lease premium of Rs. 5 billion in accordance with the Cabinet decision, i.e. Rs 1 billion within 7 days of setting up the Sri Lankan Company.

He asked whether the 80% (i.e. Rs. 4 billion) balance payment would be remitted as per the agreement. He said the company was bound to make this payment on signing the agreement.

He also noted that the proposed project would cost US$ 450 — 500 million in addition to the lease rental of Rs. 5 billion.
He asked how KRRISH Group was selected and what the criteria were for awarding the project
He further noted that there were public complaints that prime property in Colombo was given on 99 year leases without advertising through the media. “It appears that publicity has been confined only to a website advertisement. The Cabinet Paper does not refer to the process of inviting proposals and makes no mention of media publicity,” he said.

He said Fort was primarily a commercial and administrative zone with only a few houses such as the President’s House. He said that KRRISH Group venture appeared to be primarily residential and asked whether it had been approved by changing the classification of the zone.

He wanted to know who the owners of KRRISH Group were and, their line of business and relevant experience to undertake the project.

He inquired about the capital structure of the parent company and the subsidiary and wanted to know the names of the directors and details of the agreements between the UDA, BO1 and the KRRISH Group and its subsidiaries. He wanted these tabled in the House. More questions were asked about the involvement of the Central Bank and the legal provisions regarding it.

He also wanted the names, designations and places of work of the persons or officers who evaluated and negotiated this project.

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Comments - 28

roger Wednesday, 07 November 2012 05:43 AM

piling must be done for the 89 storeys is it possible to put 89 storeys and keeping the adjacent buildings intact something fishy

warElephant Thursday, 08 November 2012 02:20 AM

why do you view privatisation in sl in a bad light. it is good, be skeptical in a wise way please

Gamaya Wednesday, 07 November 2012 06:13 PM

Dear RW, Pls tell us how much was collected into government coffers during your and uncle sams time under privertization projects.???

Mahendra Wednesday, 07 November 2012 04:12 PM

Ranil should appoint a good advisor to advice him on these matters and then he could find the change of attitude towards him, by the masses.

Sharon Wednesday, 07 November 2012 01:26 PM

No need of experience,only 10% commision is enough...

sunnyboy Wednesday, 07 November 2012 10:56 AM

How come such projects are being finalized in Secrecy, without first informing the house ? how many more such projects have be signed ?

Anesly Wednesday, 07 November 2012 08:18 AM

he does so always. just that the media is so one sided, they are happy with the lighter stuff from Ranil

raviraj Wednesday, 07 November 2012 07:05 AM

leave that to the structural and geotechnical engineers they will handle it.
This can be done, yes without affecting adjoining buildings

raviraj Wednesday, 07 November 2012 07:03 AM

SL is full of failed "patriotic"voters who prefer thugs and then complain what is the opposition doing when things go wrong

Rif Wednesday, 07 November 2012 06:28 AM

to get share of his commission?

Dr. Wicks. Wednesday, 07 November 2012 06:16 AM

He is not that cheap. He is a gentleman.

Kondebendapucheena Wednesday, 07 November 2012 06:10 AM

He got a point

Shan Wednesday, 07 November 2012 06:10 AM

Like a Boss!!
We need more of this.

Nihal Amarasekera Wednesday, 07 November 2012 05:51 AM

Did anybody say that Ranil is sleeping?

Danny Wednesday, 07 November 2012 03:13 AM

Ranil, finally you are asking the right qestions. well done!

Nassty Leadership Wednesday, 07 November 2012 05:26 AM

you and your leadership good for nothing. Always defeat on the skye

jayantha jsilva Wednesday, 07 November 2012 05:04 AM

Glad to see you have woken up .

warElephant Wednesday, 07 November 2012 04:42 AM

haha, RW is back!

Pradeep Wednesday, 07 November 2012 04:37 AM

Why have they failed to give your share?

Giann Wednesday, 07 November 2012 04:37 AM

What about the Grand Parent's and Parent's details of those listed?

citizen Wednesday, 07 November 2012 04:16 AM

At last you have got up from a long slumber. That is how a leader of opposition should Act. You are the U.N.P Leader still.

prasad Wednesday, 07 November 2012 04:15 AM

Good question after long time Ranil.

Think you have changed your advisors. Good move.
Take this to town if the deal is wrong.

Think this 20% is someone's commission or the rest of the 80% is going as commission.

LankanFellow1com Wednesday, 07 November 2012 03:55 AM

Dear Mr. Rw, Can you please make sure these questions are answered and the same reaches each and every citizen of this country. If that is done, you would win many votes for sure.

dias Wednesday, 07 November 2012 03:55 AM

After long period he has as ask some questions valuable to Sri-Lankan citizens.

DEIYODANEE Wednesday, 07 November 2012 03:50 AM

RANIL WE LOVE YOU
1

Al Rasa Wednesday, 07 November 2012 03:47 AM

When in opposition so many questions when in power same things are hap penning. Dirty politics

DEIYODANEE Wednesday, 07 November 2012 03:25 AM

RANIL KNOWS BUSINESS AND THAT'S WHY WE NEED HIM AS OUR LEADER...
GOVERNMENT MUST ANSWER THESE QUESTIONS THAT ORDINARY MEN GOT NO IDEA WHAT SO EVER... BUT THESE PROPERTIES BELONGS TO ALL OF US !

ransam Wednesday, 07 November 2012 03:21 AM

You may be a gentleman but you are a failed politician. Nobody cares what you inquire

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Ranil inquires about agreement with KRRISH Group

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