MR National Tele Cinema Park to be maintained under public-private partnership

July 24, 2024 at 12:43 PM

Cabinet approval has been granted to maintain the Mahinda Rajapaksa National Tele Cinema Park under a public-private partnership. 

A decision was taken at a Cabinet meeting in May 2023 to obtain the recommendations of the National Agency for Public-Private Partnership to manage the Mahinda Rajapaksa National Tele Cinema Park under a public-private partnership. 

Accordingly, the Cabinet of Ministers approved the proposal presented by the President to identify a suitable investor to manage the Mahinda Rajapaksa National Tele Cinema Park under the public-private partnership.

It has also been proposed to enter into a lease agreement for a period of 30 years with the selected investor. (Newswire)