Monday, 19 September 2011

Govt accuses opposition of blocking Galle Face Land sale

With the Cabinet having approved the 99-year lease on seven acres of prime land near the Galle Face Green to the China National Aero-Technology and Export-Import Corporation (CATIC), the government valuer has been directed to work out the lease payments, Economic Development Deputy Minister Lakshman Yapa Abeywardana said yesterday. 

He accused the main opposition United National Party (UNP) and the Janatha Vimukthi Peramuna (JVP) of having compelled the government to change its earlier decision to sell the property outright at US$ 94.5 million or at nearly Rs.10 billion and thus having to forego the direct receipt of foreign exchange.


(Source: Daily Mirror)

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