May 13, 2017

Plans to sell Arcade! Featured

The finance Ministry has forwarded a proposal to the government to sell the Arcade at Colombo 7, Colombo Race Course and the old Post Office building in Nuwara Eliya to private investors, it is reported.

However, Megapolis and Western Development Minister Patali Champika Ranawaka is said to be vehemently opposing the privatisation of the Arcade and Race Course in Colombo 7.

It was revealed at the government economic committee meeting that a private investor had requested for the Arcade shopping mall.  

It had also been discussed at the meeting that the old post office building in Nuwara Eliya, build during the British era and has historical significance is to be handed over to an Indian hotel company.

Meanwhile the Finance Ministry had instructed the Chief Government Assessor to  survey  the Mattala Airport and adjacent land in over 800 acres and provide an Assessment report.

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