Two islands leased out

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

A A A

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)

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

Comments - 5

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 ?

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???

Mushi Wednesday, 23 March 2011 04:14 PM

Soon all island may be leased out??

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.

Two islands leased out

Comments - 5

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

Belgian traveller scammed in Kalutara

SL on alert on possible genocide allegations by Canada

New Visa procedure implemented

Confusion remains if April 15 is a bank holiday

April 15 declared a government holiday

Sri Lankan among NASA’s new crew for next simulated Mars journey

MIRROR CRICKET

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

TODAY'S HEADLINES

Debt Restructuring Talks: Bondholders Fear Regime Change Impact

Don’t be deceived by NPP and Cardinal Ranjith: UNP

Emirates halts check-in for connections, UL cancels flights to Dubai

Plans afoot to obtain “Blue Flag Beaches” certification for SL beaches

Hardik fined Rs 12 lakh for violating IPL code of conduct after win over Punjab Kings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings