Massive developments around Galle Face in the offing - PB
November 25, 2010 11:25 am
Surrounding areas of Galle Face is to be developed with Luxury Hotels, High-rise residential commercial buildings and other amenities. The first project estimated to cost around U.S.$ 500 Million under this programme will be launched next week.
This was stated by the Secretary to the Ministry of Finance Dr.P.B.Jayasundera
when he addressed a post-Budget Seminar organised by the Chartered Accountants
Institute of Sri Lanka
He said that investment proposals from the private sector for these development
activities are being received and steps have been taken to find suitable land
for this construction work.
Dr. Jayasundera said that in line with this huge development programme, steps
have been taken to declare the Presidential Secretariat Building, the Finance
Ministry Building and the Galle Face Hotel Building as important places of
National Heritage. He said that the Army Camp facing the Galle Face will
be shifted to a new location.
Meanwhile, the seven member Committee tasked with approving investment proposals
is reported to have given the green light for the proposal submitted by the
Hong Kong based Shangri-La Conglomerate to build a luxury hotel, a commercial
complex and a residential complex in Colombo. It is also reported that
the Sathosa has also submitted a proposal to the Investment Approval Committee
to build a luxury hotel in Colombo in joint partnership with a Private Firm,
the Government Information Department said.
