Cabinet Decisions

Establishment of National School of Business Management

On a proposal made by Youth Affairs and Skills Development Minister Dullas Alahapperuma, Cabinet approval was granted for the establishment of a Business School affiliated to NIBM in the name of National School of Business Management. A 50 acre block of land in Pitipana, Homagama owned by the Urban Development Authority (UDA) has been identified to set up this National School with degree awarding status. Since it is a self financing institute it was permitted to seek a long-term soft loan of Rs 3.5 billion from local and foreign banks.

Govt bids for proposed Commonwealth Games - 2018 at Hambantota

The Government intends to act as the host country to hold the Commonwealth Games - 2018. Expression of Interest has been submitted and proposed to select Hambantota as the venue. An organizing committee co-chaired by the Sports Minister and Central Bank Governor Ajith Nivard Cabraal, has been appointed.

On a proposal by Sports Minister Mahindananda Aluthgamage Cabinet approval was granted to proceed with the initial measures taken on this matter.

Actions to conserve Neelagiri Maha Seya at Lahugala

On a proposal made by National Heritage Minister Dr Jagath Balasuriya, Cabinet approval was granted for the rehabilitation work of this Stupa under the Archeology Department.

Hambantota and Nuwara Eliya District Hospitals to be developed with Euro 86.49 Million Netherlands Assistance.

The Government of Netherlands has pledged concessionary financial assistance through the Rabo Bank International of the Netherlands for identified projects in the country.

Under this financial assistance Hambantota and Nuwara Eliya districts General Hospitals will be developed. On a proposal made by Health Minister Maithripala Sirisena, Cabinet granted approval to award the contract to a construction company in the Netherlands for a total cost of Euro 86.49 million.

Three MoUs to be signed with the Socialist People's Libyan Arab Jamahiriya

The Libyan Leader agreed to provide US $500 million as a financial cooperation package for development projects in Sri Lanka when the President visited Libya in April 2009.

On a proposal made by External Affairs Minister Prof G L Peiris, approval was granted to three Memoranda of Understandings signed between the two countries, during the visit of the President in 2009, to provide assistance for infrastructure development in the North East and the development of highways and communication and tourism.

CATIC Grant Skyline Hotel and Rainbow Multi functional Complex in Colombo

China National Aero Technology Import and Export Corporation (CATIC) intends to purchase land around Galle Face Green area, to build a multi functional complex comprising a five star hotel and a shopping mall with direct investment of nearly US $500 million. On a proposal made by Economic Development Minister Basil Rajapaksa, cabinet approved this project proposal to be proceeded on the basis of agreement concluded with the earlier investor Shangri-La Hotels Lanka (Pvt) Ltd.

The planned development in this area has already attracted another investment of around US $500 million from Shangri-La Hotels Lanka (Pvt) Ltd., which proposes to build a 500 room hotel. Residencies and shopping complex are to be completed by 2013.

The total foreign investment on these two projects will be around USD 1000 million.

This will assist developing Colombo as a middle income Commercial City and also to accommodate nearly 2.5 million tourists expected by 2016.

Water Supply in Moneragala to be developed - parallel to the Deyata Kirula Exhibition 2011.

On a proposal by Water Supply and Drainage Minister Dinesh Gunawardena action is being taken by the National Water Supply and Drainage Department to upgrade the Buttala Water Supply Scheme. Accordingly, Pipelines will be done covering Nakkala - Medagama - Bible Road, Buttala - Kataragama Road, Buttala - Badalkumbura Road, Kumbukkana =- Okkampitiya Road, Buttala - Helangama Road, Tanamalwila - Udawalawa Road while augmenting the Buttala water supply scheme.