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CPC to develop twenty-four (24) tanks at the Upper Tank Yard in Trincomalee

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The Sri Lanka Government, Ceylon Petroleum Corporation, Ceylon Indian Oil Company, and Trincomalee Petroleum Terminal Company signed an agreement on 06-01-2022 for the ownership, development, and utilization of the China Port Oil Tank.

As per the provisions of that agreement, twenty-four (24) tanks at the Upper Tank Yard in Trincomalee had been leased to the Ceylon Petroleum Corporation for a period of 50 years from the date of commencement of the agreement.

The Ceylon Petroleum Corporation has planned a three-year project and conducted initial project activities, inclusive of a feasibility study with the objective of completion of the development of the said oil tanks within three (03) years.

The approval of the relevant parties, including the Road Development
Authority, Sri Lanka Railways, and the Marine Environment Protection Authority, had already been obtained for that project.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Power and Energy to implement the proposed project funded by the Ceylon Petroleum Corporation without burdening  the General Treasury.



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Payment of Compensation to the people who have lost their cultivable lands in implementing the Uma Oya Multipurpose Development Project

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Approval has been granted at the Cabinet meeting held on 27-06-2012 to provide cultivable agricultural lands from the lower Uma Oya valley to 276 farming families in Hali-Ela, Walimada, and Uva Paranagama Divisional Secretariat Divisions who have lost their cultivable lands due to the acquisition of lands for the
Uma Oya Multipurpose Development Project.

However, the aforementioned proposal could not be implemented due to the encroachment of a large portion of the identified lands by unauthorized persons, heavy forest cover, the threats posed by wild elephants, remoteness from their original settlements, and difficulties in adapting to other environmental conditions and social anomalies.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land, and Irrigation to pay an estimated compensation of Rs. 12 lakhs for each of these 276 farming families, based on the
recommendations submitted by the Cabinet Sub-Committee appointed to provide solutions for the issues arising in the implementation of the Uma Oya Multipurpose Development Project.

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Management of State Expenditure during the Energy Crisis

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In view of the prevailing war situation in the Middle East region and its impact on the economy, the Government has already taken several immediate measures to mitigate such effects.

In parallel, the need has been identified to manage state expenditure within existing fiscal constraints and approved state expenditure limits, while ensuring the continuity of essential public services.

Accordingly, taking into consideration the restrictions imposed on fuel issuance and the declaration of Wednesdays as  holidays for government offices providing non-essential public services, the Cabinet of Ministers has approved the resolution furnished by the  President, in his capacity as Minister of Finance, Planning and Economic Development, to continue the
payment of fuel allowances to Ministers, Members of Parliament, and public officers based on the fuel prices
prevailing as at 01-03- 2026, until further notice; and similarly, continue the payment of other allowances linked to fuel prices based on the fuel prices prevailing as at 01-03-2026.

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Vesak week from 27 May to 02 June

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In accordance with the guidance of the Most Venerable Mahanayake Theros and the All Ceylon Shasanarakshaka Mandalaya, it has been identified as appropriate to conduct the State Vesak Festival for the year 2026 (Buddhist Era 2570) at the historic Medillawala Purana Viharaya in Thihagoda, Matara District, with the collaboration of the Ministry of Buddhasasana, Religious and Cultural Affairs, the Ministry of Public Administration, Provincial Councils and Local Government, and the Department of Buddhist Affairs.

It has been decided to conduct this year’s State Vesak Festival under the theme “Abhiththaretha Kalyane” (“Let us
hasten towards the common good”). Accordingly, the Cabinet of Ministers has approved the joint resolution furnished by the Hon. Minister of Public Administration, Provincial Councils and Local Government and the. Minister of Buddhasasana, Religious and Cultural Affairs to: conduct the National Vesak Festival
centering the Medillawala Purana Viharaya in Thihagoda, Matara District; to declare the period from 27 May to 02 June 2026 as Vesak Week; and organize and implement various Buddhist religious programmes across the island during that period.

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