Colombo (LNW): The authorities have opted to rent out the Jaffna Presidential Palace site, initiated during the 2011-2015 period, to the Sri Lanka Institute of Information Technology (SLIIT). This resolution emerged from talks led by President’s Chief of Staff and Advisor on National Security Sagala Rathnayaka. Located in Kankesanthurai, this 29-acre complex includes 12 acres of structures. The initial phase involves leasing these 12 acres to SLIIT, and the subsequent 17 acres, previously acquired from local residents, will also be rented to SLIIT, ensuring revenue generation for the community. Presently, the Sri Lanka Navy oversees this land, but SLIIT will assume control after formalising the lease agreement.