Friday, September 9, 2011

State estates to be leased out

By Yohan Perera and Kelum Bandara

Some six Janatha Estate Development Board estates are to be handed over to private investors on a 30-year lease, State Resources and Enterprise Development Minister Dayasritha Tissera said yesterday.

In response to A question asked by United National Party MP Dayasiri Jayasekera in parliament, Mr. Tissera said the estates had not been privatized but leased out to local investors.

The minister said two estates which had been leased out earlier had been reacquired because the investors had failed to develop them effectively.

Mr. Jayasekera said leasing out of these lands was another form of privatisation.

Meanwhile UNP MP Palitha Range Bandara alleged that in Nattandiya a playground, named after the minister’s father Proteus Tissera was being dug for sand. But the minister rejected the allegation saying he had not received any such a complaint.

http://print.dailymirror.lk/news/front-page-news/55669.html

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