The Government has sought Cabinet approval for legal exemption to sell 25 acres of land in Negombo, 44 acres in Kimbulapitiya and two roods, 26 perches from Bambalapitiya to a Singaporean Company to establish a private university and related infrastructure, Daily Mirror learns.
The present law does not provide for the selling of private or crown land to a foreign national or a foreign company. Such properties can only be leased out for 99 years under the prevailing regulations.
More>>
The present law does not provide for the selling of private or crown land to a foreign national or a foreign company. Such properties can only be leased out for 99 years under the prevailing regulations.
More>>
(Source: Daily Mirror)
No comments:
Post a Comment