A ding-dong battle is under way over the valuation of the Mattala International Airport.
Valuation officials are learnt to have placed the figure at US$ 400 million taking into consideration the land value and the infrastructure development that is under way.
However, sections of the Government argue that the real value is US$ 230 million and claim a higher figure would be a deterrent to foreign investment. However, officials are sticking to their position.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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