Monday, 6 December 2010

Fresh bids called for CCC property

The Government has called fresh bids to close the deal on the controversial sale of the Colombo Commercial Company (CCC) property facing the Beira Lake, with a decision on the highest bidder to be made by the Urban Development Authority (UDA) which comes under the Defence Ministry.

The Finance Ministry was also involved (along with the UDA) in the evaluation process but not anymore. These bids received from several local and foreign investors are now being evaluated, a high ranking government official said. No decision has been taken so far to sell the property to any of these big conglomerates, he said.


(Source: Sunday Times)

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