Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka entrusts India's TATA to build housing project in capital
Fri, Oct 19, 2012, 08:48 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 19, Colombo: Sri Lanka has offered a major housing project to India's Tata Housing Development Company as part of efforts by the Urban Development Authority (UDA) to develop the country's commercial capital.

The cabinet of ministers had approved a proposal presented by the President, in his capacity as the Minister of Defence and Urban Development to entrust the development of the Slave Island area of Colombo to the TATA housing Development Co Ltd and its partner SG 18 Advisors & Consultants (Private)Ltd.

Under the Slave Island Area Redevelopment Project the UDA will provide 8 acres of land bordering former Education Department site, Malay Street, Justice Akbar Street, and Railway line on a 99-year lease to the Indian company, Media Minister Keheliya Rambukwella said at the cabinet briefing today.

TATA is entrusted to build 456 decent housing units with all facilities for the current residents in alternative lands in the same area within two years. In return, the residents have agreed to renounce their rights to claim compensation for their respective land plots, the government said.

Until the houses are built, householders will be provided with temporary housing and rents will be paid, Minister Rambukwella said. The land released will be used for a mixed development to create more opportunities for urban investments.

The total cost of providing alternate housing/commercial units including rental payments for temporary accommodation of the families is estimated to be about 5 .87 billion rupees.



ColomboPage - Recent 10 Stories
State Minister of Fisheries pledges support to fishermen affected in the fishing vessel explosion in Hambantota
-- [2 hours ago]
Meeting held at Defense Ministry to discuss progress on land release in North and East
-- [3 hours ago]
Petroleum trade union collective calls off strike
-- [4 hours ago]
Sri Lanka Marxist party supports CPC workers' strike, calls on government to meet their demands
-- [4 hours ago]
Seven Sri Lankan fishermen released by Indian court sent home
-- [5 hours ago]
Sri Lankan Navy sailor dies during training in India
-- [5 hours ago]
Government takes measures to keep Sri Lanka malaria free - Health Minister
-- [6 hours ago]
New Chairperson appointed to lead Sri Lanka National Child Protection Authority
-- [7 hours ago]
Japanese experts present report on Sri Lanka's garbage dump to President, recommend removal
-- [7 hours ago]
Petroleum trade union in discussions with Minister amid strike

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.