The cabinet has previously given approval to reactivate the unused fish processing plant in the Oluwil fishing port premises and provide facilities to the TES (Private) Company Limited to run fish processing activities.  

Accordingly, the Cabinet of Ministers approved the proposal presented by the Minister of Fisheries to lease the fish processing unit located in the Oluwil Ports Complex to TES (Private)  Company Limited for a period of 10 years subject to the relevant rent being charged monthly, as recommended by the Cabinet Appointed Negotiation Committee.

The Government of China has given its concurrence to finance a grant of Yuan 552 million to the Government of Sri Lanka in order to construct 1,996 housing units.

The grant is provided as assistance for the urban restoration project implemented as per the decision to house the residents of low – facility housing schemes within the Western province in houses in the urban housing schemes with facilities. 

The Government of Sri Lanka would be responsible for land development and supply of infrastructure facilities up to the site limit. 

Accordingly, the Cabinet of Ministers approved the proposal submitted by the Minister of Urban Development and Housing to sign the agreement to the relevant project implementation with the Government of China.

Cabinet approval has been granted to establish a new Commercial High Court to ensure expeditious disposal of the existing backlog of commercial matters.

The said Commercial High Court is to be established at the address No.80, Justice Avenue, Colombo 12.

Achieving development goals requires taking necessary steps to maintain a better investment environment in the country. Considering that situation, it has been identified the need of a new Commercial High Court to ensure expeditious disposal of the existing backlog of commercial matters, the government states.