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Lotus Tower to be opened to public three years after opening

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The Lotus Tower, built at a cost of USD 113 mn will be opened to the public on 15 Sept. Former President Maithripala Sirisena declared open the tallest self-supported structure in South Asia on 16 Sept 2019, though it was not opened to the public.

The Presidential Media Division (PMD) yesterday said that a Chinese company had provided US$ 88.65 mn. “The loan installments are due to be completed by 2024. Already, USD 66.3936 mn of the loan has been paid.

“The Colombo Lotus Tower Private Company is a company established in March, this year, under the Treasury, and all its transactions are audited by the Auditor General’s Department. The loan agreement between the Telecommunication Regulatory Commission and China was initiated and the work on the Lotus Tower commenced in 2012.

Although its construction was planned to be completed in 2015, the planned date of completion could not be met. The Chinese company completed the construction work and handed over the Lotus Tower to the Government of Sri Lanka on February 28, 2022. Thereafter, Colombo Lotus Tower Pvt. Ltd. was established and its operations were entrusted to the company.

The Chief Administrative Officer of Colombo Lotus Tower Pvt. Ltd Major General (Ret.) Prasad Samarasinghe, said that the Lotus Tower is planned to avail new technological experiences along with entertainment similar to those found in wealthy countries around the world.

Among the attractions offered at Lotus Tower are adventure sports such as sky diving and

bungee jumping. Samarasinghe explained that so far 80 percent of local investors and 20 percent of foreign investors have joined the investment opportunities at the Lotus Tower.

Dialog Telecom Company and Sri Lanka Telecom Company have already reached agreements for investments of Rs. 200 million each.”



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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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Draft Bill of the Chartered Institute of Media Professionals of Sri Lanka to be Gazzated

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Policy approval was granted at the Cabinet meeting held on 07.04.2025 to prepare a draft bill to establish the Chartered Institute of Media Professionals of Sri Lanka in order to accomplish the requirement of a training institution to carry out studies in order to create chartered media professionals and mould intelligent media personalities with skills in order to enhance the quality and standard of the media society.

Clearance of the Attorney General has been received for the final draft prepared by the Legal Draftsman for the purpose.

Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Health and Mass Media to publish the draft bill of Chartered Institute of Media Professionals of Sri Lanka in the Government Gazette Notification and thereafter submit the same for the concurrence of the House.

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Telecommunication Levy Act No. 21 of 2011 to be amended

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The Telecommunication Levy Act No. 21 of 2011 has enabled provisions to impose telecommunication levy. The budget 2026 has proposed to introduce amendments for the act including changes imposed from time to time regarding the telecommunication levy.

Accordingly, the Legal Draftsman has formulated a draft bill for
amending the Telecommunication Levy Act No. 21 of 2011 including provisions to extend applicable to envisage all the tax amounts applicable from the year 2015 along with the telecommunication levy existing at present, applicable of taxes on unrecovered revenue (bad debts) and to extend the provisions of that act to cater the telecommunication suppliers.

The Cabinet of Ministers approved the resolution furnished by the  President in his capacity as the Minister of Finance, Planning and Economic Development to publish the said draft bill in the Government Gazette Notification and subsequently to submit the same for the concurrence of the House.

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