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

Fresh Border Clashes Erupt Between Pakistan and Taliban Forces Despite Recent Ceasefire

Tensions along the Pakistan and Afghanistan frontier escalated once...

Sri Lanka’s First Post-Crisis Dollar Bond Signals Renewed Investor Faith

Sri Lanka’s return to foreign-currency borrowing took a significant...

HSBC Exit Marks Shift toward Local Dominance in Banking

HSBC’s decision to exit Sri Lanka’s retail banking business—now...

Sri Lanka Set for Strong Market Upswing as Stability, Lift Investor Confidence

Sri Lanka’s capital market is entering its most promising...