News

Cabinet approval sought to expedite Trinco Oil Tank Farm project

Published

2 years ago

January 16, 2023

editor

Cabinet approval has been sought to lease a 7.8 hectare area of land to the Ceylon Petroleum Corporation with effect from Jan. 06, 2022, in order to expedite the development of the Trincomalee Oil Tank Farm while implementing the relevant Quadripartite Agreement.

The Cabinet memorandum in this regard was tabled on Dec. 23 last year by Minister of Power and Energy – Kanchana Wijesekara.

On Jan. 06, 2022, the government of Sri Lanka inked a quadripartite agreement on January 06, with India to jointly develop the Trincomalee Oil Tank Farm. It was signed at the Finance Ministry with the Government of Sri Lanka, the Ceylon Petroleum Corporation (CPC), Lanka IOC and the subsidiary company Trinco Petroleum Terminal Pvt. Ltd. as the signatories.

In the subsidiary company named Trinco Petroleum Terminal Pvt. Ltd., established for the joint development of these 61 oil tanks, the CPC retained 51% while Lanka IOC held 49% of the issued shares of the joint venture company.

In parallel to that, the Commissioner General of Lands has leased a lot of land consisting of 24 oil tanks to the Ceylon Petroleum Corporation, while leasing another lot of land consisting of 14 oil tanks to the Lanka IOC PLC. In addition, a lot of land consisting of 61 oil tanks to Trinco Petroleum Terminal (Pvt.) Ltd. for 50 years.

Further, two plots of lands where the oil pipeline system is located, is to be leased to the Lanka IOC for 50 years, by keeping the right of way to the CPC and the Trinco Petroleum (Pvt.) Ltd.

In addition, the plot where 14 employee quarters of Lanka OIC are located is also to be leased to the Lanka IOC for 50 years.

Meanwhile, ‘The Hindu’ newspaper has reported that during the visit of Indian External Affairs Minister – S. Jaishankar later this week, talks are expected on two possible MoUs – on the Trincomalee development project and the long-pending plan for a cross-strait transmission line that would allow Sri Lanka access to India’s plans for an energy grid along with other countries like Nepal, Bhutan and Bangladesh.

“India is expected to give a positive response to Sri Lanka’s requirements, in keeping with India’s support last year as well,” the article had added, citing a source.

News

Cost reflective price for MPs’ daily meals proposed

Published

3 hours ago

January 23, 2025

editor

Leader of the House Bimal Ratnayake said yesterday that a cost reflective price between Rs.2,500 and Rs.3,000 will be proposed for meals including breakfast, lunch and evening tea for Members of Parliament.

He stated that the proposal is scheduled to be presented to the House Keeping Committee of Parliament today and that a proposal will also be presented to the Cabinet in the future.

“MPs will have to pay Rs.3,000 for their meals including breakfast, lunch and evening tea. The price of meals for others will also be increased,” he added.

(dailynews.lk)

(This story, originally published by dailynews.lk has not been edited by SLM staff)

News

Probe into clearing of 323 red-tagged containers – Dy. Minister

Published

3 hours ago

January 23, 2025

editor

Deputy Minister of Economic Development – Prof.Anil Jayantha Fernando yesterday (Jan. 22) admitted in Parliament that 323 containers with red tags have been released through the green channel by the Sri Lanka Customs.

In response to a question raised, the Deputy Minister said that an investigation will be launched into the incident.

He said there have been occasions where red-tagged containers have been released after being scanned and during some occasions, containers had been released through the green channel even without being scanned.

“We never know whether there have been investigations into those incidents,” he said.

(Excerpts : dailynews.lk)

News

Suspect arrested over alleged online train tickets racket

Published

4 hours ago

January 23, 2025

editor

The Kandy Divisional Crimes Unit has arrested a 37-year-old suspect involved in an alleged major racket involving ‘e-Tickets’ sold for up-country trains including to Ella.

According to the police, the suspect was arrested yesterday (Jan. 22) in the Suduhumpola area of the Kandy Police Division.

The suspect, a resident of the same area, was found in possession of 21 ‘Odyssey’ train tickets purchased online, Rs. 130,670 in cash believed to be proceeds from the illegal sales, 130 notepads documenting previous transactions, and a mobile phone.

Police suspect the individual profited from reselling train tickets, targeting foreign tourists. The suspect has been handed over to the Criminal Investigation Department (CID) for further inquiries.

On January 20, the CID had informed the Colombo Magistrate’s Court that they have launched an investigation into the ticket scalping, which was raising serious concerns.

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