Oct 12, 2011 (LBO) - Sri Lanka's Urban Development Authority which was focussing on the capital Colombo will offer state lands in former war-zones for commercial development, director general Rohan Fernando said.
"Now we are making arrangements to provide lands from Mankulam, Kilinochchi and Jaffna," he told a forum on property development at the Central Bank.
"So these lands will also come in to the market very soon for investment."
The areas are in Sri Lanka's Northern Province, where a civil war raged for nearly three decades until May 2009.
The lands being considered for development were under various state agencies, officials said.
Fernando said the bulk of the work by the UDA has so far focussed on developing Colombo but the agency is now increasing focus on the provinces.
"Little by little we are doing that," he said.
It has provided land for investment in Nuwara Eliya in Central Sri Lanka and in Trincomalee in the East, also a former war zone.
In Hambantota in the South, the UDA had built a loan-funded secretariat building to house 40 state agencies using a loan.
source - www.lbo.lk
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