The Cabinet of Ministers has approved yesterday (12) a proposal under the 2025 budget to allocate underutilized lands and properties owned by government institutions to suitable investors for optimal economic use.
The lands, currently managed by the Land Reform Commission, Divisional Plantation Companies, National Livestock Development Board, Sri Lanka State Plantations Corporation, and Janatha Estates Development Board, will be opened for private investments, including those from small and medium-scale entrepreneurs.
The initiative aims to encourage economically productive projects such as plantation and agricultural development, tourism linked to plantations, livestock farming, solar power generation, industrial production, freshwater fisheries, and other innovative economic ventures.
The proposal, presented by the Minister of Agriculture, Livestock, Land, and Irrigation, seeks to attract investors capable of maximizing the potential of these lands. The government will call for expressions of interest to identify suitable projects for the identified properties.
