GOVERNMENT TO LIQUIDATE MIHIN LANKA AND OTHER STATE INSTITUTIONS

The government has announced a list of state institutions to be liquidated under the first phase of its restructuring program.

The list was revealed by Cabinet Spokesperson and Minister Dr. Nalinda Jayatissa during a recent cabinet press briefing.

The institutions proposed for liquidation are:

·      Asian Games (Pvt) Ltd

·      Thurusaviya Fund

·      Selin Diwa Investments (Pvt) Ltd

·      Lanka Logistics (Pvt) Ltd

·      Commonwealth Games Hambantota (Pvt) Ltd

·      Magampura Port Management Company

·      Mihin Lanka Limited

·      Media Training Institute

·      Expressway Transport Company (Pvt) Ltd

The minister added that several other institutions will also be liquidated under this initial phase.

The process will be overseen by a special liquidation unit established under the Ministry of Finance, Planning, and Economic Development, based on a proposal submitted by the President, who holds the ministerial portfolio.