You are here: Home » International » News » Politics
Business Standard

Don't buy Lankan assets, may nationalise JVs if I come to power: Rajapaksa

The parliamentary polls in Lanka are due in 2020

Sri Lanka  |  Mahinda Rajapaksa  |  Maithripala Sirisena

Press Trust of India  |  Colombo 

Mahinda Rajapaksa
Mahinda Rajapaksa

Former Sri Lankan has said that if voted back to power, his government might nationalise the joint ventures set up by his successor

The Sirisena-led government, which had ousted Rajapaksa in the 2015 in the island nation, has entered into joint venture agreements with Chinese firms to built a seaport and an industrial park around it in Hambantota district.

The Lankan government is also in talks with the Airport Authority of (AAI) to set up a joint venture for managing the Mattala airport, which is named after Rajapaksa and dubbed as the world's emptiest airport.

The Opposition has opposed both the deals, terming them as sell-out of national assets to foreigners.

However, the government stressed that the joint ventures are on long term lease arrangement and not outright sale.

Addressing a protest rally in Colombo on Thursday, Rajapaksa warned the foreign partners, "Please do not buy anything (state ventures) sold by this government. I will have to reconsider them when I return to power."

He was referring to Lanka's debt equity share ventures with to run the southern port of Hambantota.

Rajapaksa's People's Party (SLPP) had made remarkable political gains in the February local election, winning more than two thirds of the councils. Since then he has been demanding a snap parliamentary poll, which he says his party will surely win.

The parliamentary polls in Lanka are due in 2020.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, August 03 2018. 14:42 IST