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Colombo plans selling Tamil land in the East

[TamilNet, Monday, 7 February 2011 16:22 One Comment]

500 acres of prime land at Kuchchave’li in the Trincomalee district of the Eastern Province are to be sold for 90 million US dollars (10 billion Sri Lankan rupees) by the tourism authority of the occupying Sri Lanka to 5-Star hotel entrepreneurs, according to media reports from Colombo. The one-off payment is for 99 years lease, at the rate of 20 million rupees per acre land, lankabusinessonline.com said Monday.

Meanwhile, Colonial Sri Lanka occupying the Tamil country is also receiving proposals from bidders for the sales of another stretch of Tamil land on the Western side of the island at Katpiddi Peninsula in the Puththa’lam district.

Colombo expects to raise 500 million US dollars by selling lands.

A Chinese state firm is paying 250 million dollars for two blocks of beach-front land in Colombo.

[Full Coverage]

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