The Hon. (Mrs.) Oshani Umanga
Asked the Minister what measures have been taken to address delays in issuing lease permits, noting that investors who waited 15 to 25 years face accumulated rent arrears, difficulty expanding production, and barriers to obtaining bank loans due to lack of lease documentation.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Minister, my first supplementary is this: Because of the long time taken to issue lease permits, investors face accumulated rent payments they cannot settle at once. Some have waited 15 to 25 years to obtain the lease, which blocks production expansion and access to bank loans due to lack of lease documentation. What measures has the Ministry taken to address this?
Provenance
- Source
- Hansard, Monday, 24 February 2025 ·No. 1741236032093385 ·English daily/uncorrected Hansard
- Page · column
- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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/lk/speeches/11644
Cite as: The Hon. (Mrs.) Oshani Umanga. 10th Parliament, Parliament of Sri Lanka. Hansard, 24 February 2025. No. 1741236032093385. Politick, https://staging.politick.io/lk/speeches/11644