Thu, 18 Aug 2022 Today's Paper

Govt accuses opposition of blocking Galle Face Land sale

19 September 2011 02:12 pm - 2     - {{hitsCtrl.values.hits}}

A A A

With the Cabinet having approved the 99-year lease on seven acres of prime land near the Galle Face Green to the China National Aero-Technology and Export-Import Corporation (CATIC), the government valuer has been directed to work out the lease payments, Economic Development Deputy Minister Lakshman Yapa Abeywardana said today.

He accused the main opposition United National Party (UNP) and the Janatha Vimukthi Peramuna (JVP) of having compelled the government to change its earlier decision to sell the property outright at US$94.5 million or at nearly Rs.10 billion and thus having to forego the direct receipt of foreign exchange.

“After the government convinced the Hong Kong based Shangri-La hotel chain to pay US$12.5 million an acre for the block of land it purchased near Galle Face Green for US$125 million, CATIC upped its bid and agreed to pay US$13.5 million an acre. But due to the stiff protests by the opposition over the outright sale of the property the government has now decided on a 99-year lease at a lesser amount,” he said.

The deputy minister said though the opposition had criticized the government over these transactions, state properties worth billions of rupees had been leased out to private companies for pittance by the UNP.

“The previous UNP regimes have sold acres of prime land dirt cheap and the rents quoted have been unbelievably low,” he charged. He said for instance, Lanka Hospitals had to pay for the nearly six acres of land on Elvitigala Mawatha only two percent of the Rs.469 million market for the first five years and four percent thereafter for the 99-year lease while Asiri Medical Services Pvt. Ltd had to pay only four percent of the Rs.101.8 million market value of the nearly two-acre property on Kirimandala Mawatha in Narahenpita for the 99-year lease and two acres of land in Fort was sold to Overseas Reality, the owning company of the World Trade Center for Rs. 48 million in 1996.  (Sandun A. Jayasekera)

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 2

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  • GAMARALA Monday, 19 September 2011 02:29 PM

    API KAMU API KAMU WIKUNA WIKUNA API KAMU

    NIYAMAI WEDA,

    Manujer Tuesday, 20 September 2011 07:59 AM

    It is all about development in SL.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Tamil Parties Must Urge Full Implementation of 13A

Last week’s article was about the guerilla war fought by the Janatha Vimukt

Govt. re-recommends COVID-19 regulations: Medics, legal experts warn of vaccine expiry dates and injuries

The public has once again been advised to wear masks to prevent the spread of

8-year-old grave sexual abuse victim gets justice after 18 years

In Palawela Udaniriella, an 8-year-old girl became the victim of Grave Sexual

Covid makes a comeback!

These questions have been buzzing in our heads over the past few weeks as hea