Press briefing of Cabinet Decision taken on 2019-09-03

Colombo Lotus Tower Project - the Proposed commercialization process of the Colombo Lotus Tower Project

- Colombo Lotus Tower Project is due to be completed and handed over to the Telecommunication Regulatory Commission of Sri Lanka, shortly. With a view to providing the opportunity for the people of Sri Lanka to enjoy the facilities of the said Project and using it for commercial purposes and commercialization process has to be commenced expeditiously, the proposal made by the Minister of Defence to vest authority on the Treasury to form a state owned company for the management of commercialization aspects, was approved by the Cabinet.