Colombo: Hyderabad-based Indian company has bagged a major contract to construct a $250 million 70-storeyed building in Colombo, the tallest in Sri Lanka.
The foundation stone for the proposed highest building in Sri Lanka, was laid by Prime Minister Ratnasiri Wickramanayake yesterday.
The public-private partnership building project will come up in the premises of Sethsiripaya in Battaramulla in Colombo suburbs and will be constructed by Sutchi NEB Construction Company of India.
The project initiated by the Board of Investment (BOI) of Government of Sri Lanka will have administration, commercial and housing units, a BOI official told PTI adding the projected is expected to be completed in three years time.
While 40 floors will be dedicated for commercial operations, 20 floors will be for residential purposes, the official said.
Speaking on the occasion, the Sri Lankan Prime Minister said peoples’ only desire was to see an end to the scourge of terrorism that was obstructing all new projects, investments and the countrys development programmes and the only message the government could give to the people was that before long, terrorism would be completely uprooted from the country.
Urban Development Minister Dinesh Gunawardena, pointed out that India’s contribution to such a mega development programme is another milestone in Indo-Sri Lanka ties.
The minister for Enterprise Development and Investment Promotion Sarath Amunugama also spoke at the function. The working director of Sutchi India Company Dr Y Kiran and BOI chairman Dhammika Perera were present on the occasion.
Earlier this year in April, two MOUs were signed between India and Sri Lanka to construct a 150 bed hospital besides providing rural vocational training in Sri Lanka.