State Minister of Urban Development and Housing Arundika Fernando stated that steps will be taken to provide commercially valuable lands located in major cities in the country to investors so as to contribute to the economy.

He expressed these views yesterday(21) during a press conference themed ‘Collective Path to a Stable Country’ held at the Presidential Media Centre (PMC).

Also, the Minister pointed out that the final notice has been given to the investors related to the resumption of the projects being carried out on the lands owned by the government in Colombo, and stated that if the investors do not take steps to complete the projects, they will be taken over by the government and given to new investors.

So far, the government has given the opportunity to investors to start projects on commercially valuable land in Colombo. But due to the poor economic situation the country faced, these projects have been halted. Therefore, we have informed them in writing to restart the relevant projects. If the investors do not take a decision before the end of next month, those projects will be taken over by the government and given to new investors.

There are also properties with commercial worth in major cities, notably Colombo. It has been decided to distribute them to new investors in a way that will strengthen the economy of the country. Since taking office as President, Ranil Wickremesinghe has made a number of decisions that are in the best interests of the nation. As a result, the actions were made in an effort to boost the nation’s economy even more.