Packer's hotel project gets approval

17 December 2013 05:40 pm - 9 - {{hitsCtrl.values.hits}}

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The Gazette notification has been issued approving three hotel projects including James Packer's Crown Ltd, but without gaming or casino facilities, official sources said.

Meanwhile, the government has secured Cabinet approval for the implementation of three tourism projects in the same locations previously earmarked for similar projects with facilities for casino businesses, Daily Mirror learns.

The government rescinded the previous gazette notifications that announced similar projects with facilities for gaming, due to resistance by the clergy of main religions and political parties.

However, the Cabinet on Monday approved three similar projects at these two locations. Accordingly, the government, in its new Cabinet memorandum submitted by Investment Promotion Minister Lakshman Yapa Abeywardane, said there would be an Integrated Super Luxury Tourist Resort Facility at Glennie Street/Justice Akbar Mawatha, Colombo 2. It is an investment of US $ 750 million.

Unlike in the previous proposal shelved due to the public protest, the government has made no reference to gaming facilities. Instead, it is mentioned this time that it will include high-end shopping malls, luxury residences and office spaces/service spaces with associated facilities. Under the initial phase to be implemented within five years after signing the agreement, US $ 650 million would be invested , and the rest within three years from the commencement of the phase one. Waterfront Properties (Private) Ltd is the name of the company. It will be exempted from taxes under the Strategic Development Act.

In the next project proposed at the site in D. R. Wijewardene Mawatha, Colombo 10, an Integrated Super Luxury Tourist Resort with 500 rooms is to be set up under an investment of US $ 300 million. It will consist of high-end shopping malls, luxury residences and office spaces and service spaces with associated facilities. The investor is Queensbury Leisure Ltd. The hotel project of US $ 350 million in the same area will be undertaken by Lake Leisure Holdings .It will have 400 rooms. (Kelum Bandara)

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Comments - 9

kane Wednesday, 18 December 2013 05:32 AM

Hotel no, casino later!

Cobra Wednesday, 18 December 2013 12:47 AM

Well, it was inevitable. This govt. doesn't care a hoot for public opinion and do as they please for themselves come hell or high water!

T Wickramaratna Wednesday, 18 December 2013 01:19 AM

Casino minister won the battle.Good luck to you minister

Chaminda Wednesday, 18 December 2013 12:00 AM

Those who are against this project may have to work under them in the near future. via DM Android App

Wijesingha Wednesday, 18 December 2013 01:52 AM

Same pillow but covers are new

MrRetort Wednesday, 18 December 2013 02:21 AM

Cannibals won't come here to eat grass and this is a case of bluffing the grass eating public.

Samare Wednesday, 18 December 2013 02:38 AM

You have got to admire this juggernaut like ability of the government. Given that JHU and the associated hypocrites in the government didn't have any objections to being part of a government that had Thilanga sumathipala and other racing dons in its fold, it's actually right in this issue to go ahead.

Punny Pellow Wednesday, 18 December 2013 02:59 AM

Pac-Kerr appears to be very silent these days. He will be back soon?

Perumal Wednesday, 18 December 2013 03:10 AM

The name "Casino" should be rejected.

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Packer's hotel project gets approval

Comments - 9

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