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Sri Lanka seeks investment opportunities for Maradana property.
FINANCIAL CHRONICLE – The Sri Lankan government is set to invite investment proposals for a parcel of land located on Maradana Road in Colombo 10, which is managed by the Urban Development Authority. This initiative, announced by Minister Nalinda Jayatissa, will involve leasing the land for a duration of 50 years. The site spans approximately 1 acre, 1 rood, and 12.4 perches and is intended for a mixed-use development project focused on innovation and information technology. Minister Jayatissa stated that the Cabinet has given its approval to seek proposals from potential investors who are interested in transforming the land into a production center for intellectual technology products and services aimed at the domestic market. Jayatissa shared these details with the media, emphasizing the government’s commitment to fostering technological advancement through this initiative. (Colombo/Apr 28/2026)
Sri Lanka looks for investors for Maradana land | EconomyNext
Tuesday April 28, 2026 2:28 pm ECONOMYNEXT – Sri Lanka will call for investment proposals for a land on Maradana Road, Colombo 10, belonging to the Urban Development Authority, on a 50-year lease basis, minister Nalinda Jayatissa said. The land measuring 1 acre, 1 rood, 12.4 perches, is proposed to be used for a new invention/information technology-related, mixed development project, he said. “Cabinet approved the proposal to invite investment proposals from investors interested in developing the land as a production hub for intellectual technological products and services targeting the local market,” Jayatissa told reporters. (Colombo/Apr28/2026) Tuesday April 28, 2026 2:42 pm Tuesday April 28, 2026 2:42 pm ECONOMYNEXY – An investigation has been launched into a missing payment of 625,000 dollars made by Sri Lanka intended for the US Post, minister Nalinda Jayatissa told reporters. “The investigation was triggered after the US Post filed a complaint stating they had not received the funds, despite Sri Lanka Post making the payment,” Jayatissa said. “US Post has informed us of not receiving the payment.” Sri Lanka Post and the Criminal Investigation Department are looking into the missing payments, which happened on two instances, he said. (Colombo/Apr28/2026) Continue Reading Tuesday April 28, 2026 2:40 pm Tuesday April 28, 2026 2:40 pm ECONOMYNEXT – Sri Lanka will construct 1,000 interim housing units, with help from its Army, for people displaced by Cyclone Ditwah 5 months ago, minister Nalinda Jayatissa said. Families living in shelters in Kegalle, Kandy, Nuwara Eliya and Badulla will be beneficiaries of this temporary housing project, which will be built with labour contribution from the Sri Lanka Army and according to a plan by the National Building Research Institute. 6,088 houses were completely destroyed during the cyclone, and 115,179 partially damaged, Jayatissa said. The remaining families are being given compensation of up to 5 million rupees each, he said in response to queries from reporters. Jayatissa acknowledged that there were no plans to extend the 25,000 payment made by the government for those who are currently renting premises. 494 families are still living in 20 shelters across 4 districts in the country, while several more live in tents and with relatives five months after the cyclone hit people without adequate warning. (Colombo/April28/2026) Continue Reading Tuesday April 28, 2026 2:11 pm Tuesday April 28, 2026 2:11 pm...
Sri Lanka received non-payment complaint from US Post: Minister
ECONOMYNEXT - Sri Lanka will call for investment proposals for a land on Maradana Road, Colombo 10, belonging to the Urban Development Authority, on a 50-year lease basis, minister Nalinda Jayatissa said.
Sri Lanka to construct 1,000 temporary residences for cyclone victims
ECONOMYNEXT - Sri Lanka will call for investment proposals for a land on Maradana Road, Colombo 10, belonging to the Urban Development Authority, on a 50-year lease basis, minister Nalinda Jayatissa said.
