SL to attract private investment for underutilised State lands

Wednesday, 13 August 2025 00:26 - - {{hitsCtrl.values.hits}}

The Cabinet of Ministers on Monday approved inviting expressions of interest (EoI) from potential investors to develop underutilised lands and properties owned by key state agencies.

The initiative, proposed in the 2025 Budget, aims to unlock the economic potential of properties under the Land Reform Commission (LRC), Divisional Plantation Companies, National Livestock Development Board (NLDB), Sri Lanka State Plantations Corporation (SLSP) and Janatha Estates Development Board (JEDB).

Addressing the weekly post-Cabinet meeting media briefing yesterday, Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said the program is designed to make these lands available for private sector-led projects, including opportunities for small and medium-scale entrepreneurs (SMEs), with a focus on creating economically viable and sustainable ventures.

He said the Government envisions a diverse range of investment opportunities under this scheme, including: plantation and agricultural development, tourism promotion linked to plantations, livestock farming and related industries, renewable energy generation, including hydropower and solar power, industrial production activities, freshwater fisheries projects and other innovative economic ventures connected to plantation lands.

“By mobilising private capital and expertise, the program seeks to boost productivity, create employment and encourage regional economic diversification, while ensuring that underutilised State assets contribute to national growth,” he added.

Dr. Jayatissa noted that the process of calling for investor interest will be conducted transparently, ensuring that projects align with environmental standards and national development priorities.