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
Senior Laboratory Manager of Horana rubber factory arrested over deaths in ammonia tank
-- [5 hours ago]
Rs. 485 mn worth dry rations for drought hit people in Puttalam
-- [6 hours ago]
Sri Lanka to remove unauthorized constructions on coastal belt
-- [6 hours ago]
Sri Lanka PM calls for expansive private sector ties with Iran
CID investigations reveal that same person directed all high profile crimes during previous regime
US human rights report says Sri Lanka military and police harass civilians with impunity
SriLankan Airlines aims to fly higher in Middle East skies
Largest Sri Lankan business delegation participates in Commonwealth Business Forum in London
Iran, Sri Lanka speakers discuss expanding bilateral ties
Sri Lanka's main concern is achieving a sustainable future - President

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.