Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka's John Keells commences construction of waterfront resort after parliamentary approval
Mon, Apr 28, 2014, 08:11 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 28, Colombo: Sri Lanka's John Keells Holdings (JKH) said it has commenced the construction of the waterfront development project following its approval by the Sri Lankan parliament.

In a stock market disclosure today, the JKH said the Integrated Resort Project undertaken by Waterfront Properties (Private) Limited, a subsidiary controlled by the JKH, has received approval from the parliament, under the Strategic Development Projects Act No. 14 of 2008, as published in the Gazette dated 30th January 2014.

The Company announced that the project site has been handed over to the contractor and the construction has commenced.

JKH plans to build a luxury multi-function resort at a cost of over US$ 650 million in the heart of Colombo in the land owned and occupied by the JKH subsidiaries, Ceylon Cold Stores (CCS), John Keells PLC, John Keells Properties and Waterfront Properties in Slave Island in Colombo.

The company will develop, own, manage, operate, sell, lease and rent a luxury multi/mixed-use integrated resort.

ColomboPage - Recent 10 Stories
EU parliament delegation to visit Sri Lanka to discuss national reconciliation and greater women's empowerment
-- [6 hours ago]
World Bank support for Sri Lanka women business and SME initiatives
-- [6 hours ago]
COPE report on controversial bond issue presented to the parliament
-- [7 hours ago]
A sub-sea power cable from India can be a solution for Sri Lanka power crisis - PUCSL
-- [7 hours ago]
Suspect in the murder of Lasantha Wickrematunge granted bail
-- [8 hours ago]
Sri Lankan Muslims to protest against government over the vote on Temple Mount resolution
-- [8 hours ago]
Sri Lanka Army Mine Detection Dog Team receives international recognition as 2016 Team of the Year
-- [9 hours ago]
No VAT for 82 essential consumer goods from November 1
Sri Lanka Muslim Council welcomes decision to amend Muslim Marriage and Divorce Act, expresses concern over Minister's statement
Sri Lanka calls for IORA to move into a new era of dynamism

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.