Govt to lease out Jaffna Presidential Palace to SLIIT

Date:

Colombo (LNW): The authorities have opted to rent out the Jaffna Presidential Palace site, initiated during the 2011-2015 period, to the Sri Lanka Institute of Information Technology (SLIIT).

This resolution emerged from talks led by President’s Chief of Staff and Advisor on National Security Sagala Rathnayaka.

Located in Kankesanthurai, this 29-acre complex includes 12 acres of structures.

The initial phase involves leasing these 12 acres to SLIIT, and the subsequent 17 acres, previously acquired from local residents, will also be rented to SLIIT, ensuring revenue generation for the community.

Presently, the Sri Lanka Navy oversees this land, but SLIIT will assume control after formalising the lease agreement.

Share post:

spot_imgspot_img

Popular

More like this
Related

AKD Must Rein In His Cow Boy Ministers Before It’s Too Late

By Adolf President Anura Kumara Dissanayake came to office promising...

Sri Lanka’s Mineral Industry Awakens amid Policy Reforms and Investment Surge

Sri Lanka’s mineral industry is stirring from a long...

Sri Lanka’s Real Estate Sector SurgesYet Developers Still Seek Support

Sri Lanka’s real estate sector is showing clear signs...

National 4i Project Aims to Build 1,000 Young Entrepreneurs

A landmark national initiative titled the ‘4i Project’, aimed...