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::

* US$ 1 billion project to develop five-star hotel in Sri Lankan capital
Thu, Nov 15, 2012, 11:40 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 15, Colombo: The Sri Lankan government plans to convert an old colonial building in the heart of the capital Colombo to a five-star hotel at a cost of US$ 1 billion.

The old building that houses the Grand Oriental Hotel (GOH) in Colombo Fort, owned and operated by the Bank of Ceylon (BOC), adjoining lands owned by the Police Department and the waterfront near the Colombo Port will be developed to build a five-star hotel while preserving the old heritage.

The Cabinet of ministers has approved the proposal for the project submitted by President Mahinda Rajapaksa in his capacity as Minister of Defence and Urban Development.

Bank of Ceylon has prepared a comprehensive redevelopment project proposal covering the above area, the government said, adding that the project is to be implemented in three stages with a total investment of around US$ 1 billion.

The project will be carried out under a private-Partnership Program (PPP) and upon completion the Grand Oriental Hotel, also known as Taprobane earlier, will be converted to a 5-star Diamond Hotel with 500 rooms.



ColomboPage - Recent 10 Stories
Tamil Nadu political leaders advise Modi not to have closer defense ties with Sri Lanka
-- [7 hours ago]
Sri Lankan President opens cricketer Dilshan's luxury hotel
-- [8 hours ago]
Belarus MPs to focus on economic ties during next month's visit to Sri Lanka
-- [8 hours ago]
CaFFE and CHR condemn attack on Sri Lanka university students
-- [9 hours ago]
Sri Lanka Army to assist Bangladesh Army to set up a women corps unit
Sri Lanka's Missing Persons Commission says no interference from security forces on public sittings
Belarus parliamentary delegation to visit Sri Lanka in November
Sri Lankan government will assist the parties to defend the LTTE ban
Sri Lankan President hopes the Deepawali festivities will add to the spirit of reconciliation
Sri Lanka business chamber to hold post budget seminar

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.