May 15, Colombo (LNW): Upon advisement from the National Operations Room, the Investment Promotion Ministry has been tasked with formulating a comprehensive strategy for the effective utilization of buildings constructed within Technology Parks in Kurunegala and Galle Districts by the Techno Park Company.
Discussions within the National Operations Room, led by Prime Minister’s Secretary Anura Dissanayake, revolved around addressing the challenges hindering the progress of development projects and devising methodologies to expedite their completion.
The suspension of construction at the Kurunegala and Galle Technology Parks was attributed to the lack of a sustainable method to cover the operational expenses of the Techno Park Company.
Highlighting the burgeoning potential of the information technology sector to generate employment opportunities, Prime Minister’s Secretary stressed the need for swift action.
Repeated deliberations in the National Operations Room underscored the urgency of presenting a viable project proposal to the Public Enterprises Department aimed at bolstering the Techno Park Company’s financial liquidity. Additionally, the National Budget Department was urged to explore avenues for governmental financial support until the company achieves profitability.
Despite challenges regarding financial allocations from the National Budget Department, stakeholders convened to devise an effective implementation strategy for future activities. Notably, loans totaling Rs. 1.5 billion secured in 2021 for Technology Park construction remain unresolved, with loan repayments and interest suspended since 2022.
To address outstanding obligations, the committee proposed utilizing funds from the Irrigation Ministry and Department, with potential referral for Parliamentary approval if needed.
Environmental concerns pertaining to the pollution of the Victoria Reservoir due to sewage from Pallekele Prison were also addressed. The committee instructed the Prison Department to collaborate with the Drainage Board to renovate the defunct sewage system within four months. Regular progress updates were mandated to ensure timely completion of the renovations and mitigate environmental impacts.
