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* Sri Lankan government has confirmed irregularities in deal with Chinese company - opposition
Mon, Aug 1, 2011, 09:44 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 01, Colombo: The main opposition United National Party (UNP) says the Sri Lankan government's decision to suspend the deal with China National Aero Technology Import Export Corporation (CATIC) confirmed there were irregularities in the transaction.

UNP parliamentarian Dr. Harsha de Silva said the opposition's struggle against the deal have borne fruit.

He said that the President Mahinda Rajapaksa has ordered the sale of land in Galle Face to CATIC be suspended and the terms and conditions reviewed.

Dr. de Silva continuously charged inside and outside the parliament that the deal to sell the 10 best acres of prime land in Colombo Galle Face Green to CATIC was not transparent.

"It was non-transparent deal and violated multiple procedural responsibilities. We wish to reiterate that the sale cannot go through as the purchaser has already violated the terms and conditions of sale, thus making the sale and purchase agreement invalid," he said.

The state-owned China National Aero Technology Import and Export Corporation (CATIC) has planned to purchase land around Galle Face Green area to build a multifunctional complex comprising a five star hotel and a shopping mall with direct investment of nearly US$ 500 million. The project was to be completed by 2013.

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