{"id":124426,"date":"2022-04-17T15:50:28","date_gmt":"2022-04-17T22:50:28","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=124426"},"modified":"2022-04-17T15:50:28","modified_gmt":"2022-04-17T22:50:28","slug":"sl-to-raise-8-bln-by-selling-valuable-assets","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/04\/17\/sl-to-raise-8-bln-by-selling-valuable-assets\/","title":{"rendered":"SL to raise $ 8 bln by selling valuable assets"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>By Bandula Sirimanna Courtesy The Sunday Times<\/em><\/span><\/h2>\n\n\n<p>The Government is hoping to raise US$8 billion from the lease or sale of valuable public assets to bolster rapidly dwindling foreign reserves, the report of a newly-appointed economic advisory committee has revealed.<\/p>\n\n\n\n<p>Among the main items in the list were the long term leases of Katunayake International Airport for $2 billion, Mattala Airport for $300 million and Ratmalana Airport for $400 million.<\/p>\n\n\n\n<p>Arrangements have been made to hand over the Colombo North Port Development Project for an investment of $600 million while Colombo Port City lands will be leased out at a total of $4 billion.<\/p>\n\n\n\n<p>Accordingly, Sri Lanka Ports Authority has planned to do a feasibility study for the Colombo North Port Development Project focused on expanding capacity of container handling while serving all other port services expected from industry.<\/p>\n\n\n\n<p>Further shares of Sri Lanka Telecom will be sold at a price of $500 million and Sri Lanka Insurance Corporation shares for $300 million.<\/p>\n\n\n\n<p>Divestment of non-strategic state-owned assets has been suggested as a part of the government\u2019s multi-pronged plan in the short-term to improve their operational and financial efficiency while increasing the country\u2019s reserves position.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Bandula Sirimanna Courtesy The Sunday Times The Government is hoping to raise US$8 billion from the lease or sale of valuable public assets to bolster rapidly dwindling foreign reserves, the report of a newly-appointed economic advisory committee has revealed. Among the main items in the list were the long term leases of Katunayake International [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-124426","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/124426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=124426"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/124426\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=124426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=124426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=124426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}