Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

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
Sri Lankan and South African cricketers raise funds for the Sri Lanka Visually Handicapped XI
-- [1 hour and 53 minutes ago]
Sri Lankan minister not pleased with government's decision to broaden investigations of alleged war crimes
-- [2 hours ago]
Sri Lanka Supreme Court allows animal sacrifice in Hindu Kovil under controlled conditions
-- [2 hours ago]
Sri Lankan university students to hold protest march in Colombo tomorrow
British envoy wishes Sri Lankan team success at Commonwealth Games
Tamil Nadu Chief Minister opposes installing buoys on the IMBL between India and Sri Lanka
Vietnam, Sri Lanka to work closely in fighting transnational crime
Sri Lanka Navy arrests 38 Indian fishermen for poaching
Sri Lanka's Western Provincial Council Chief Minister accused of assaulting a man
Extremist Sri Lankan Buddhist monk hits hack at Dalai Lama

Copyright © 2000, 2014 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.