Connect with us

News

Cash-strapped govt. leasing UDA assets to raise Rs. 21 bn

Published

on

Mahindananda and Prasanna

Uncollected taxes, penalties and interests amount to Rs 1,000 bn

By Shamindra Ferdinando

The Urban Development and Housing Ministry yesterday (08) announced plans to raise Rs 21 bn by leasing state lands, over a period of three years, commencing 2024.

A statement issued by the Ministry quoted Urban Development and Housing Minister Prasanna Ranatunga as having said that lands currently held by the Urban Development Authority (UDA) would be leased for long term projects, undertaken jointly by the public and private sectors. Among a range of projects identified were information technology, hotel and health.

Minister Ranatunga, who is also the Chief Government Whip, said that he was confident of raising at least Rs 09 bn this year.

According to the statement, in terms of the proposed plan, over 60 projects have been identified in the Western, Southern, Central, Uva and Sabaragamuwa Provinces and proposals would be called this year in respect of 24 ventures. The lands, earmarked for leasing, are located in Fort, Galle Fort, Warakapola, Avissawella, Thalawathugoda, Kottawa, Ekala, Kandy, Narahenpita, Nawalapitiya, Balangoda, Kolonnawa, Wellawatte and Padukka.

Minister Ranatunga has directed the relevant authorities to expedite the process. Of the identified projects, agreements regarding were been finalized last year.

Sectoral Oversight Committee on National Economic and Physical Plans Chairman Mahindananda Aluthgamage last week told The Island that the government wouldn’t have been in a deepening crisis today if revenue authorities accomplished what was expected of them.

The former minister said that the total amount of uncollected taxes, penalties and interests up to Dec 31, 2023, could be as much as Rs 1,000 bn.

The Urban Development and Housing Ministry said that a special mechanism had been established to provide necessary approvals within 09 and 120 days for projects that were submitted through the Board of Investment (BoI).



Latest News

Speaker of Parliament Asoka Ranwala resigns

Published

on

By

NPP Parliamentarian Asoka Ranwala who was appointed the 22nd Speaker of  Sri Lanka’s Parliament, on 21st November has resigned from his position today [13], in the wake of the controversy surrounding his educational qualifications.

 

Continue Reading

Latest News

Harsha Amarasekera PC appointed Chairman of the Port City Economic Commission

Published

on

By

President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission.

Accordingly Harsha Amarasekera, President’s Counsel, has been appointed as the Chairman while Damien Amal Cabraal, Mohan Ray Abeywardena, Sanjaya Kulatunga, and Dr. Harsha Subasinghe were appointed as members of the Port City Economic Commission

The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today (13).

 

Continue Reading

Latest News

“Offenders will face consequences, regardless of rank or status.” – President

Published

on

By

“We will not allow the trust the people have placed in us to be undermined in any way,” stated President Anura Kumara Dissanayake during a meeting with the heads of state media today (13).

He further emphasised, “Regardless of their status in government, if mistakes are made, we will not hesitate to take appropriate action.”

The President further explained:
“For more than seven decades, the people of this nation have built and dismantled various governments. For the first time, we stand with a profound understanding of the historic mandate entrusted to us and the National People’s Power on two occasions.

The people placed their faith in the National People’s Power (NPP) government, hoping for a standardised and stable country. We will not tarnish that extraordinary trust, even by the slightest misconduct.

Simply put, our government is not here to shield anyone who errs, for any reason. Be it within the broader framework of the country or within our administration, anyone found guilty of wrongdoing will face consequences. We will not hesitate to act decisively and at the right time. In essence, our government will not shield anyone who makes a mistake, regardless of the reason. Whether the mistake occurs within the country or at any level within our government, we will not hesitate to take decisive action. Every necessary step will be taken at the appropriate time without delay.”

President Anura Kumara Dissanayake also reaffirmed his government’s unwavering commitment to upholding the trust placed in them by the people, who have endured decades of deception. He pledged to work tirelessly to build a better nation.

The Minister of Health and Mass Media, Dr Nalinda Jayatissa, Director-General of Government Information, Harsha Bandara, and the heads of state media were present at the meeting.

Continue Reading

Trending