Sri Lanka budget 2022: railway land for private development | Land Portal
  1. News & Events
  2. Sri Lanka budget 2022: railway land for private development

Sri Lanka budget 2022: railway land for private development

12 November 2021
Sri Lanka
Land & Investments
development
land investments
development agencies
Source: 
economynext
Language of the news reported: 
English

ECONOMYNEXT – Land owned by Sri Lanka railways will be offered for private developers for investment, Finance Minister Basil Rajapaksa said presenting a budget speech.

“I propose to obtain investments through public-private partnerships and local and international sources to implement mixed development projects comprising of shopping malls, financial services, hotels, office facilities, cinema halls, entertainment centres [and] apartments,” he said in a budget for 2022.

He said some lands owned by Department of Railways are currently not being utilized productively.

Sri Lanka Railways is one of the largest landowners in the country.

The railway department was set up by the British and it also has reservations. (Colombo/Nov12/2021)

Copyright © Source (mentioned above). All rights reserved. The Land Portal distributes materials without the copyright owner’s permission based on the “fair use” doctrine of copyright, meaning that we post news articles for non-commercial, informative purposes. If you are the owner of the article or report and would like it to be removed, please contact us at hello@landportal.info and we will remove the posting immediately.

Various news items related to land governance are posted on the Land Portal every day by the Land Portal users, from various sources, such as news organizations and other institutions and individuals, representing a diversity of positions on every topic. The copyright lies with the source of the article; the Land Portal Foundation does not have the legal right to edit or correct the article, nor does the Foundation endorse its content. To make corrections or ask for permission to republish or other authorized use of this material, please contact the copyright holder.

Share this page