UDA on way to recovery
Sep 14, 2010 8:00:00 PM - aussieindolanka.com
The Urban Development Authority (UDA) running at a loss of over Rs 2,500 million is on the path of recovery after Defence Secretary Gotabhaya Rajapaksa’s decision to rapidly collect its overdue rentals and project payments from its clients.
Meanwhile, the Authority has appointed a Committee on the Defence Secretary’s directions to draft proposals to amend the UDA Act No 41 of 1978 to remove difficulties faced by it in acquiring its rentals and payments.
The Committee will also focus on restructuring some provisions in the Act to enable the UDA to directly intervene in the removal of unauthorized structures to cut down excessive expenditure that UDA spends to get Court approval to remove them, UDA sources said.