Sri Lanka Railways to improve returns on land holdings
ECONOMYNEXT – Surveys of land holdings owned by Sri Lanka Railways are to be conducted to improve management of its sizeable property assets, evict squatters and recover ovedue lease rentals.
The Cabinet of Ministers this week approved a proposal by Transport & Civil Aviation Minister Nimal Siripala de Silva for socio-economic surveys and land surveys for all lands owned by the Department of Railway.
The state information office said railway lands are to be mapped and dematcated, including 7,000 lots which have been leased.
This was with a view to proper management of such lands and resettling of illegal dwellers in alternative lands.
(COLOMBO, January 18, 2018)