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Lands worth Rs 10.5 billion to be released to investors next year: Minister

29 November 2023 02:36 pm - 9     - {{hitsCtrl.values.hits}}

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Parliament (Daily Mirror) - Lands worth Rs 10.5 billion will be released to investors next year, Minister of Urban Development and Housing Minister Prasanna Ranatunga told Parliament today.

Speaking during the committee stage debate on the budget, the Minister said lands worth Rs 7.5 billion have been released to the investors this year. “We have decided to release land on long-term payment plans,” he said.

“We have already released Visumpaya Colombo and President’s house Jaffna to investors. Visumpaya is to be converted into a luxury hotel while the President‘s house in Jaffna will be converted into an IT campus,” he revealed.

Also, Minister Ranatunga revealed that Sri Lankan government has earned US $ 600,000 by selling houses in dollars. “These houses have been purchased by Sri Lankan expatriates abroad. We will continue selling houses in dollars,” the Minister said.

Lands worth Rs 10.5 billion to be released to investors next year: Minister

Lands worth Rs 10.5 billion will be released to investors next year, Minister of Urban Development and Housing Minister Prasanna Ranatunga told Parliament today.

Speaking during the committee stage debate on the budget, the Minister said lands worth Rs 7.5 billion has been released to the investors this year. “We have decided to release land on long-term payment plans,” he said.

“We have already released Visumpaya Colombo and President’s house Jaffna to investors. Visumpaya is to be converted into a luxury hotel while the President‘s house in Jaffna will be converted into an IT campus,” he revealed.

Also Minister Ranatunga revealed that Sri Lankan government has earned US $ 600,000 by selling houses in dollars. “These houses have been purchased by Sri Lankan expatriates abroad. We will continue selling houses in dollars,” the Minister said.


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  Comments - 9

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  • L Jaya Wednesday, 29 November 2023 02:48 PM

    This bloke stolen government lands and built structures illegally. How could such ministers hold such portfolios. Rouge State, corruption, bribery, deals and cheating public funds and assets

    ravin Wednesday, 29 November 2023 03:24 PM

    There the Santa landed on Sri Lanka. Now plan for how to get commission, bribes, ransom collection and all other underhand dealings.

    lalith Wednesday, 29 November 2023 04:09 PM

    What else are you selling... The sea too

    Tissa Fernando Wednesday, 29 November 2023 04:21 PM

    Prasanna Ranathunga will be a billionaire.

    Nilmini Welivita Wednesday, 29 November 2023 04:45 PM

    Another under hand criminal plan hatched by the ex-convict Ranatunga.

    Anura Jayantha Wednesday, 29 November 2023 10:59 PM

    What is your cut on the deal?

    Buddhist Wednesday, 29 November 2023 11:13 PM

    If Sri Lanka is cash-strapped why give long-term plans to pay for the lands? Is it because the Minister was paid a commission or Kappam?

    Gamini Thursday, 30 November 2023 08:59 AM

    is this anything to be proud off?

    sarath Thursday, 30 November 2023 09:00 AM

    This bloke announces this as though it is an achievement


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