President asserts no plans to sell state enterprises

12President Maithripala Sirisena today asserted that the Government has no plans to sell state enterprises.

He said that while various comments are being made that the Government is to sell state institutions to the private sector, it is not the policy of his Government to do so.

“We will take decisions to take the state sector institutions which are running without profit to a level of earning profit. Sometimes we have to act in cooperation with the private sector on that regard,” he said..

The President made these remarks at the opening ceremony of the Jaya Container Terminal at the Colombo Port today in parallel to the 37th anniversary celebrations of the Sri Lanka Ports Authority (SLPA).

The President praised the contribution of the Colombo Port to the economic progress in the country.  “The Government will make every contribution to further develop the Port,” the President said.

He pointed out that though the Colombo Port is not an institution which runs without profit, it is a burden for its development that the SLPA has to allocate its profit for discharging the loans taken for the Hambantota harbour.

“Though the loan burden of Rs. 90 billions is an obstacle for the development of the country we will develop the country by enhancing the economic growth through local industries and exports,” he stated.

The President also appreciated the service rendered by the Minister of Ports and Shipping Arjuna Ranatunga and further said that from the time he left the then Government on November 21, 2014 to contest as the common candidate at the Presidential election the Minister stood with him to make the transformation that was needed for the betterment of the country. (Colombo Gazette)