The gazette includes abolishing the Malabe SAITM institute and by transferring its assets, liabilities, students, and staff, to a new non-state, non-profit degree awarding institution.
A new not-for-profit ‘sunset’ institution will absorb all students who were in the medical program of the SAITM campus in Malabe, as well its assets and liabilities, at which point SAITM will be abolished.
On 30.12.2017, the Government signed a Memorandum of Understanding with SAITM and the Sri Lanka Institute of Information Technology (SLIIT).
According to this MoU, with the abolition of SAITM, SLIIT, a leading non-state, not-for-profit degree awarding institute, will establish the new sunset and sunrise institutions, under the guidance of the Government that will take over ownership and management of SAITM’s assets, liabilities, staff and students. (Colombo Gazette)