The Board of Investment (BOI) signed a 30-year investment agreement with MG Sugars Lanka (Pvt) Ltd to revive and restructure the Kantale sugar factory.
The project would be run on a Build, Operate and Transfer (BOT) basis and 51% of the shares will be held by the Government and 49% by the foreign investor.
The investment of US $ 110 million will be borne by the investor. SLI Development (Pvt) Ltd, Singapore is the foreign investor. The number of direct employment opportunities would be around 1,220.
The Government official news portal is maintains by the New Media Unit of the Department of Government Information and it was titled "news.lk" and commenced in mid1996 and release to Internet from March 01st, 1997.
News.lk publishes in three languages – Sinhala, Tamil and English.
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