The Cabinet of Ministers has approved a proposal presented by President Anura Kumara Dissanayake, in his capacity as Minister of Finance, Economic Stabilization, and National Policy, to formally close down 33 non-operational State-Owned Enterprises (SOEs) under Phase Two of the government’s state-sector reform program.
The move will be implemented systematically following the establishment of a Special Liquidation Unit under the Ministry of Finance.
According to the government, the closures are aimed at eliminating financial wastage, strengthening fiscal discipline, and redirecting public resources toward more productive sectors of the economy.
Cabinet Spokesman Dr. Nalinda Jayatissa stated that the decision is in line with the administration’s broader strategy to streamline the public sector, cut unnecessary expenditure, and improve efficiency and accountability within state enterprises.
As part of the first stage, the following institutions have been identified for closure:
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Asian Games (Pvt) Ltd
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Selendiva Investments Ltd
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Lanka Logistics and Technologies Ltd
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Commonwealth Games Hambantota 2018 (Pvt) Ltd
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Magampura Ports Management Company (Pvt) Ltd
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Mihin Lanka (Pvt) Ltd
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Techno Park Development Company (Pvt) Ltd
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Media Training Institute
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Lanka Cement PLC
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Expressway Transport (Pvt) Ltd
