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At least 58 large-scale development projects to be completed within 2024

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The Department of Project Management and Supervision has presented the performance report on large-scale development projects by reviewing the performance data and information submitted by the relevant ministries on the financial and physical progress of the large-scale development projects implemented by the line ministries by the end of the first quarter of 2024. According to the reports, 171 large-scale development projects will be implemented in the year 2024, and except for nine projects, all the remaining projects are scheduled to be completed by the end of the year 2026.

Accordingly,
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance Economic Stabilization and National Policies taking into account the need of speedy completion of the large-scale development projects that are currently underway, and to complete 58 projects which have achieved more than 80% progress by now, within the year 2024. And also, refer the projects which are currently suspended due to lack of sufficient funds to the National Operations Room Committee to carry out the necessary studies before investing further.



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State Mortgage and Investment Bank Law No. 13 of 1975 to be amended

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The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to instruct the Legal Draftsman to prepare a draft bill to amend the State Mortgage and Investment Bank Law No. 13 of 1975

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Animals Act No. 29 of 1958 amended

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By Cabinet decision dated 2025-12-01, policy approval was granted to amend the definition of the term “animal” in the Animals Act No. 29 of 1958 by including, pigs, goats, and sheep, in addition to cattle and buffaloes, within the interpretation section of the act.

In accordance with the said approval, the Legal Draftsman has drafted an Amended Bill in all three languages, and the clearance of the Attorney General has also been obtained.

Accordingly, the Cabinet of Ministers has approved the
resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to publish the draft Amendment Bill in the Government Gazette and thereafter to submit the same to the Parliament for its concurrence.

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Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre

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The Jaffna Thiruvalluvar Cultural Centre, comprising 11 floors, has been constructed with the assistance of the Government of India with the objective of serving as a hub for cultural activities in Sri Lanka and expanding bilateral cooperation for the promotion, preservation, and fostering  the cultural heritage of Jaffna.

In accordance with the approval granted at the Cabinet meeting held on 2022-02-21, a Joint Management Committee has been appointed to make decisions relating to the affairs of the said cultural centre, in terms of the Memorandum of Understanding signed for the operation of the Jaffna Thiruvalluvar Cultural Centre.

According to the provisions of the aforementioned MOU, upon completion of the construction of the project, the cultural centre should be transferred to the Jaffna Municipal Council through the Government of Sri Lanka.

Following such transfer, the relevant parties have reached an agreement to establish a ‘trust’ for carrying out the management activities of the centre. The Attorney General’s clearance has been received for the draft trust deed prepared for that purpose.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Buddhasasana, Religious and Cultural Affairs to establish the trust to continue the management activities of the Jaffna Thiruvalluvar Cultural Centre

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