Agreement between BoI, Hambantota Oil Refinery cancelled

15 August 2023 04:01 pm Views - {{hitsCtrl.values.hits}} 6 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The government has cancelled the agreement between the Board of Investment (BoI) and the Hambantota Oil Refinery (Pvt.) Ltd., said Cabinet spokesman Bandula Gunawardana.

While addressing the media he said the Cabinet granted its approval on September 17, 2019 for an agreement between the BoI and the Hambantota Oil Refinery (Pvt.) Ltd. for the construction of a petroleum refinery with a capacity of 420,000 barrels per day in the Hambantota area to cater only to the export market.

"An extent of 1,200 acres of land had also been allocated on a 50-year long-term lease basis for the implementation of the project. But the project proponent has not acquired the relevant land on a lease basis and the project has not been implemented up to now," the Minister said.

The project proponent has been informed several times in writing regarding the implementation of the project, but they have not responded.

The project proponent has not acted according to the provisions of the agreement between the two parties, Minister Gunawardana added. (Chaturanga Pradeep Samarawickrama)

Comments - 6

This is reality Tuesday, 15 August 2023 04:41 PM

Can the Minister disclose the total cost expended thus far e.g. for feasibility study, planning, discussions, travel etc which have all now gone down the drain.

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Dil Perera Tuesday, 15 August 2023 06:23 PM

Don't comment like an idiot. Those expenses were incurred by the Chinese investing party and NOT GoSL or the People of Sri Lanka. By trying to show that you are an expert, you exhibitted your nakedness.

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Bankrupt Country Tuesday, 15 August 2023 05:02 PM

Don't worry, the money going down the drain is not of the Government or Bundula's but of the Poor Tax Payers'.

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Buddhist Tuesday, 15 August 2023 05:03 PM

Who gave paga to get this cancelled, which Chinese company is going to get this now?

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Gona Tuesday, 15 August 2023 05:36 PM

Can you disclose the commission demanded by the capital 'R' robbers from Hambantota, from the investor for alienating such a massive acreage? You bull terrier face?

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Mike Revere Wednesday, 16 August 2023 12:16 PM

When can we imprison these robbers, so citizens can live

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