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Two islands leased out

22 March 2011 06:06 pm - 5     - {{hitsCtrl.values.hits}}

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Two islands near Kalpitiya have been leased out at Rs. 18 million to two foreign companies for investment in tourism for 30 years, Parliament   was informed today.

Of them, Vellai Island has been given on lease at Rs. 3.7 million to be developed as a joint investment between Sri Lanka and Maldives and Switzerland, and Inpativu Island at Rs. 14 million to an Indian company named Cube Leisure Property Private Ltd. The joint venture with Maldives and Switzerland is called Sun Resort Investment Lanka Private Ltd.

Economic Development Deputy Minister Lakshman Yapa Abeywardane told the House in response to a question by UNP MP Gamini Jayawickrama Perera. The Deputy Minister said the lease agreements were revised every five years.

Raising a supplementary question, Mr. Perera asked whether the security aspect had been taken into account in leasing out these islands.  Mr. Abeywardane replied that all such aspects had been considered in striking these deals based on recommendations by the Attorney General.

Also, he tabled a copy of the agreement signed in connection with these projects.  These are the islands used by fishermen for their activities. (Kelum Bandara and Yohan Perera)

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  Comments - 5

See Kapruka's top selling online shopping categories such as Toys, 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.

 

  • Mushi Wednesday, 23 March 2011 04:14 PM

    Soon all island may be leased out??

    Mahas Wednesday, 23 March 2011 10:03 AM

    So the 14 m for 30 years for inbathivu costs a mere 40000 a month. How come they didn't advertise its availability locally?

    marusira Wednesday, 23 March 2011 10:40 AM

    bagayak pirata etthanta, bagayka andukarana udaviyata... apita mokada ithuru wenne???

    Ajith Cabral Wednesday, 23 March 2011 06:37 AM

    Wow 18M for a island ! you can not get a 10p land in Colombo - sub for that price

    Chan Wednesday, 23 March 2011 09:26 AM

    18Mil for 30 Years ??? or Annually ?


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See Kapruka's top selling online shopping categories such as Toys, 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.

 


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