The Cabinet of Ministers approved a proposal by President Maithripala Sirisena, in his capacity as the Minister of Defence, to move on a previous decision by the Cabinet of Ministers to liquidate Rakna Araksha Lanka. Ltd. (RALL).

Accordingly, the proposal to appoint a committee of senior officials to study the public finance liabilities of Rakna Arakshaka Lanka. Ltd., and make suitable proposals was approved by the Cabinet of Ministers.

The committee will also make recommendations on attaching employees of RALL to the Land Reclamation and Development Corporation for affirming their job security.

The Cabinet had previously approved the liquidation of RALL and to assign its maritime security to Sri Lanka Navy and its land base security to Civil Security Department.