Sunday, 16 January 2011

No big names for Kalpitiya, Govt. may issue fresh bids

The Sri Lankan government may issue fresh bids for Kalpitiya Integrated Tourism Resort Project (KITRP) in the hope of attracting meaty investors, as they are ‘not too happy with those who have been chosen’ to develop 10 islands in Kalpitiya in the Puttalam District, according to government sources.
“There are about 11 investors who applied to invest around US$ 500 million to put up tourist resorts, golf courses, marinas, etc in this zone which was defined as a tourist zone by the Sri Lanka Tourism Authority, but the government is not happy with the bids which have mainly come from Indian parties,” one source told the Business Times.


(Source: Sunday Times)

New port city being built at $450 mln cost

The present capacity of the port is 4.5 million TEUs and this is expected to increase to 4.8 million units in 2011, said Sri Lanka Ports Authority Chairman, Dr. Priyath B. Wickram. Dr Wickrama said, “As a part of the overall expansion a modern port city is to be constructed at an estimated cost of $450 million.” This will also function as a commercial centre, with the project commencing in March this year. Further an ultra modern cargo village will be constructed at Peliyagoda which will be advantages to both the transport and logistics industries.


(Source: Sunday Times)

Friday, 14 January 2011

World's 5th tallest Colombo's Lotus Tower to begin work next month

The final Bill Of Quantities (BOQ) of the proposed Colombo TV tower project is now being finalized.
The Telecommunication Regulatory Commission of Sri Lanka (TRCSL) expects to start construction work of the tower next month.
The 350-metre tower in Peliyagoda will be constructed with an investment of US $ 103 million. This Lotus Tower will be the latest in the country with seven levels, TRCSL Director General Anusha Palpita told Daily News Business.
The tower is scheduled to be completed within 30 months and will be managed by a public company owned by the TRCSL.

(Source: Daily News)

Wednesday, 5 January 2011

Shangri-La lays down its grand plans for Sri Lanka

Plans to open a new hotel in Colombo in 2014 and 300-key resort in Hambanthota
Hong Kong-based Shangri-La Asia Limited yesterday officially announced the purchase of six acres of Government land facing the Galle Face Green promenade, a prominent landmark in Colombo, Sri Lanka.
The development will be a multi-use complex with high end retailing, deluxe apartments and a 500-key luxury hotel to open in early 2014 and the purchase marks the entry of the hotel group into Sri Lanka, often referred to as 'The Pearl of the Indian Ocean', a statement by the hotel chain said.
Shangri La is also planning to develop a second property, a 300-key city resort on approximately 100 acres of land in Hambantota, on the southern coast of Sri Lanka to open in 2013.

(Source: Daily Mirror)