Deputy Economic Development Minister Lakshman Yapa Abeywardena has denied allegations leveled by the main opposition UNP that the allocation of land for two super luxury hotels in Colombo was in violation of normal procedure and that the country had lost Rs. 29 billion due to tax concessions.
Two foreign companies - Shangri La Ltd and China National Aero Technology Import and Export Corporation (CATIC) ' have been allocated prime land in the heart of Colombo for two hotel development projects. The land facing the Galle Face Green has been allocated for the hotel projects.
The government has sold 10 acres to the Shangri La group for a US$12.5 million which was announced by a gazette notification on April 5 and was later approved by parliament, Abeywardena has said.
The Deputy Minister has added that the sale had taken place according to the laws and procedures laid down on such transactions.
No comments:
Post a Comment