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::

* South Korea's Hyundai Engineering & Construction wins US$ 339 million contract to build a resort in Sri Lanka
Fri, May 2, 2014, 09:47 am SL Time, ColomboPage News Desk, Sri Lanka.

May 02, Seoul: South Korea's Hyundai Engineering & Construction Co Ltd said on Friday that it had won a US$339.30 million order to build an integrated resort in Sri Lanka for privately owned Waterfront Properties Ltd.

The company had announced this in a regulatory filing, a Reuters report said.

The firm said in a regulatory filing the contract was expected to be completed in March 2018.

Sri Lanka's conglomerate John Keells Holdings, which owns the Waterfront Properties, said Monday the project site for the mixed resort, has been handed over to the contractor and the construction has commenced following the approval received from the parliament.

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.

ColomboPage - Recent 10 Stories
UN Human Rights Chief urges UNHRC to play a critical role to encourage reconciliation and accountability in Sri Lanka
-- [15 minutes ago]
Sri Lanka's UN mission in New York celebrates 70 Years of Independence with "Facets of Sri Lanka"
-- [1 hour and 9 minutes ago]
Three Indian nationals smuggling gold arrested at Sri Lanka's Colombo airport
-- [2 hours ago]
Coffee Bean and Tea Leaf reopens its newly refurbished store at Colombo Airport
-- [3 hours ago]
President launches drug prevention program in villages to eliminate poverty in rural areas
-- [3 hours ago]
UN resident coordinator in Sri Lanka Una McCauley passes away suddenly
Sri Lanka Cabinet reshuffle expected on Sunday
Sri Lanka's former Defense Secretary files revision petition requesting to discharge him from Avant Garde case
Sri Lanka Prime Minister meets with young party members to discuss a new UNP leadership
UN Migration Agency, Sri Lanka explore ways forward on conflict victim reparations

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.