Sri Lankan government to convert prison premises in to a modern township - Opportunity Sri Lanka
Sri Lankan government to convert prison premises in to a modern township

Sri Lankan government to convert prison premises in to a modern township

Sri Lanka’s Cabinet of Ministers has reportedly granted approval to relocate the prison complex in Welikada and convert the premises into a modern township.
At present Welikada prison is located in a land expanse of 42 acres.
The Sri Lankan government is to relocate the prison to Millewa in the Horana area within a 220-acre land area.
A statement from Sri Lanka’s Department of Government Information has stated that considering even the future requirements, it has been planned to construct a new prison premises in Horana while transferring the Welikada land to the country’s Urban Development Authority (UDA) so that it can be provided on long-term lease to local and foreign investors to carry out development projects.
The Cabinet of Ministers has reportedly approved the papers in this regard included in the joint memorandum submitted by Sri Lanka’s Prime Minister as Urban Development and Housing Minister and the Minister of Justice.

OSL take:

The government of Sri Lanka is engaged in a development programme covering all key economic sectors in the country. Along with the development of highways and connectivity, business/investment opportunities seem to be increasing in the real estate and construction sectors. Sri Lanka is fast becoming a business hub in the South Asian region given it’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country. All these have expanded business/investment opportunities in Sri Lanka.

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Article Code : VBS/AT/20210524/Z_7

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