Govt. to launch US $ 250 mn mixed project

30 December 2019 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Ministry of Finance, Economy and Policy Development said yesterday that the first foreign investment under the new government of President Gotabaya Rajapaksa would be launched soon.  

 In a press release the ministry said that investment would be made on a plot of land located between the Beira Lake and Shangri-La Hotel on Baladaksha Mawatha in Colombo by a foreign investor called Perennial Real Estate Holdings. 

 
“This is a US $ 250 million foreign investment project that will see the construction of a 30-storey commercial tower inclusive of 700 new residencies. In addition it will also have facilities for retail and food outlets,” the ministry said. 

 
The Cabinet of Ministers has approved the proposal made by Prime Minister Mahinda Rajapaksa to facilitate investment activities for the relevant company.   


With the signing of the agreement, the land for the project will be leased out to the company and the Sri Lankan Government will receive 43 million US Dollars as the payment for the leasing.   

 

  • The land for the project will be leased out to the company and the Govt. will receive 43 million US Dollars as the payment for the leasing
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Pad politics is back

In November 2019, in the run up to the Presidential election, Sri Lanka debat

ANYTHING FOR MONEY

Some unregulated online lenders are remotely taking control of phones of thos

Frontline cops charge negligence by high-ups worsened police cluster

The police have done an invaluable service in the frontlines to combat the CO

US Vice President-Elect Kamala Harris’s Key Sri Lankan Tamil Aide

An overwhelming feeling of relief has descended upon the world-not merely th

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.