Sri Lanka is taking steps to encourage private sector investment through the long-term leasing of underutilised state-owned plantation properties. The Cabinet of Ministers has approved the leasing of 15 selected properties managed by three state plantation entities, creating opportunities for private investors to participate in the utilisation of these assets.
The initiative aims to improve the use of state-owned resources and attract private investment into properties that include agricultural lands, tourism-related locations and inactive factories.
State-Owned Properties Identified for Investment
The properties included in the leasing programme are managed by the following state-owned entities:
- Sri Lanka State Plantations Corporation (SLSPC)
- Janatha Estates Development Board (JEDB)
- Elkaduwa Plantations Limited
Under the first phase of the initiative, the Government invited investors to submit Expressions of Interest (EOIs) for the following properties:
- 1,514 hectares of land managed by the three plantation entities.
- 10 tourism bungalows and scenic locations.
- 15 inactive factories.
These properties were identified as part of the Government’s efforts to encourage private sector participation and improve the utilisation of underdeveloped state-owned plantation assets.
Investor Selection and Cabinet Approval
The leasing initiative attracted considerable interest from prospective investors, with 470 initial Expressions of Interest (EOIs) received.
Following the initial selection process, shortlisted applicants were invited to submit detailed investment proposals. A total of 44 formal proposals covering 30 property units were subsequently received.
Based on the recommendations of the High-Level Procurement Committee, the Cabinet of Ministers approved the awarding of long-term leases for 15 selected properties to investors.
Key Investment Information
- Investment programme: Long-term leasing of state-owned plantation properties.
- Managing entities: Sri Lanka State Plantations Corporation, Janatha Estates Development Board and Elkaduwa Plantations Limited.
- Properties initially offered: 1,514 hectares of land, 10 tourism bungalows and scenic locations, and 15 inactive factories.
- Initial investor interest: 470 Expressions of Interest.
- Formal proposals received: 44 proposals covering 30 property units.
- Cabinet-approved properties: 15 selected properties.
- Leasing arrangement: Long-term lease agreements.
Specific property locations, individual lease periods, financial requirements and further leasing conditions have not been detailed in the published announcement.
Interested in Exploring Investment Opportunities in Sri Lanka?
Sri Lanka continues to introduce initiatives aimed at encouraging private sector participation and attracting investment into underutilised state-owned assets.
DPR Investment Consultants supports local and foreign investors in exploring investment opportunities, establishing business operations and navigating the local investment environment to make informed business decisions.
For more information, visit DPR Investment Consultants or email info@srilankainvestment.com.
Source: Newswire – 27 October 2026
