Govt. to allocate land on long-term lease for selected investors

A total of 16 land plots will be allocated for 16 investors under a long-term lease basis for a period of 35 years, the government said.

Cabinet approval was given to a proposal tabled by Industries Minister Ramesh Pathirana. The land will be leased for the investors under the regional industrial zone development programme as recommended by the project evaluation committee.

 The evaluation committee comes under the purview of the Regional Industrial Services Committees that has been established as per the provisions of the Industries Promotion Act No. 46 of 1990 and the Ministry of Industries.