Govt to Lease 15 State Plantation Properties to Local Investors 📈

• Key Decision: The Cabinet approved long-term leasing of 15 selected state-owned land and property plots to local investors to attract private capital and revitalize underutilized agricultural assets. • Managing Entities: Assets fall under three state agencies: Sri Lanka State Plantations Corporation (SLSPC), Janatha Estates Development Board (JEDB), and Elkaduwa Plantations Company. • Asset Breakdown: The initial call for Expressions of Interest (EOIs) covered: • 1,514 hectares of plantation land. • 10 tourism bungalows and scenic spots. • 15 inactive processing factories. • Investor Interest: Received 470 EOIs, leading to 44 detailed proposals covering 50 land and property lots before final selection. • Strategic Impact: Aims to improve productive land use across traditional tea, rubber, and coconut sectors, driving revival in regional agriculture and tourism infrastructure. • Data Limitations: Specific lease durations and total expected investment revenue remain undisclosed based on available details.