The Hon. Bimal Rathnayake
The Minister said the question concerns the privatization of the State-owned Puttalam Cement Corporation around 1994–1995, a matter not directly under his purview, and noted that the privatization involved significant irregularities. He explained that agreements with Sri Lanka Railways for the dedicated rail track serving the plant were signed in 1999 with PCCL and later aligned after the company became Holcim Lanka in 2002. He stated that a response from the Ministry of Industries would be appropriate on how to maximize national benefit from the resource.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Your question relates to the privatization of the State-owned Puttalam Cement Corporation to a private entity in about 1994–1995, which is not directly under me. That privatization involved significant irregularities. A dedicated rail track in your district serves the plant. Agreements with Sri Lanka Railways were signed in 1999 with PCCL; later, in 2002, the company became Holcim Lanka. When ownership changed, related services were aligned accordingly. For maximizing national benefit from the resource, it is apt to obtain a response from the Ministry of Industries.
Provenance
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- Hansard, Wednesday, 18 June 2025 ·No. 1751280704002343 ·English daily/uncorrected Hansard
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Cite as: The Hon. Bimal Rathnayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 18 June 2025. No. 1751280704002343. Politick, https://staging.politick.io/lk/speeches/6747