Sri Lankan government to build tower at a cost of Rs. 19 billion in the country’s administrative capital
The government of Sri Lanka has commenced a project to construct a 25 floor tower at a cost of Rs. 19.6 billion at the main office complex in the country’s administrative capital Sri Jayawardenepura.
The government has reportedly awarded the piling contract recently.
The proposal presented to the Cabinet of Ministers by Megapolis and Western Province Development Minister Patali Champika Ranawaka to award the piling foundation of the tower to San Piling (Pvt Ltd for Rs. 1,155 million has reportedly received the Cabinet approval.
The tower will be located at the Sethsiripaya administrative complex in Battaramulla.
The 25 floor tower will have 123,902 square metres of space or 1.33 million square feet. The building is estimated to cost Rs. 19.6 billion or Rs. 14,696 a square feet.
It is expected to be completed in three and a half years.
OSL take:
The 25 floor tower at a cost of over Rs. 19 billion is part of the Sri Lankan government’s aggressive development programme. Since the project has commenced with approval being granted for piling, interested investors could present proposals to be part of the project or even bring forth new development projects to be launched in the country with government assistance.
| Article Code : | VBS/AT/20180117/Z_2 |