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
India to contest Sri Lanka court's death sentences of fishermen through legal process
-- [26 minutes ago]
Sri Lanka to establish a new Vessel Monitoring System (VMS) to monitor fishing boats
-- [58 minutes ago]
India pledges Rs.10 million as immediate relief for Sri Lanka landslide victims
-- [1 hour and 29 minutes ago]
Sri Lanka national carrier receives first of six new A330-300 on order
-- [2 hours ago]
New mission chiefs to Sri Lanka express condolences on Koslanda landslide
-- [3 hours ago]
Catholic Church of Sri Lanka rejects reports of president influencing the church to stop papal visit
-- [3 hours ago]
Madhu Road - Thiruketheeswaram sector of Sri Lanka's Northern Railway line tested
-- [4 hours ago]
Pakistan offers assistance to the Sri Lankan landslide victims
-- [5 hours ago]
Coalition party of Sri Lanka's ruling alliance to abstain from voting for the budget
-- [5 hours ago]
Sri Lanka Opposition Leader visits landslide affected village
-- [6 hours ago]

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.