LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
International Arbitration Centre to be established in Sri Lanka |     Electricity tariff reduction for hotels and shops from this November                                          A Special Tax Scheme for the motor vehicle imports instead of the current system                                          Value Added Tax reduced to 11 percent |     Aerospace Engineering Unit will be established at the Moratuwa University | EPF payment from the employer to be increased to 14%                                          Sri Lanka Customs to have a One Stop Service Center |  Import tax removed on infant milk food                                          A special duty scheme on motor vehicles for foreign employed individuals |  Main Sri Lankan towns to be developed under a special Urban Development Programme                                          
Sat, 25 October 2014 08:50:25
Sri Lanka colonial era hotel, environs, in billion US dollar PPP project
16 Nov, 2012 05:45:02
Nov 16, 2012 (LBO) - Sri Lanka's Grand Orient Hotel, owned by a state bank and adjacent British colonial era buildings will be re-developed with the help of private investment in a project which may involve up to a billion US dollars, the state information office said.
State run Bank of Ceylon has developed a three stage plan involving GOH which it owns and nearby building of the police department while maintaining its historical aspects, under a plan approved by the cabinet of ministers.

The buildings are in the heart of Colombo's Fort, a British colonial era quarter.

The 'public private partnership' involves converting the GOH into a 5-star hotel and the entire project will result in a 500 room hotel, the information office said.

.
Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment
 
READER COMMENT(S)
4. sujeewa Nov 17
Substance is missing?not a good reporting of business news.
3. Hema Nov 16
Shakeel so what have you added to the sri lankan economy apart from pessimistic comments?
2. iqi Nov 16
What happens to the road adjoining it as its blocked by police headquarters which has a monsterous building across the road.
1. Shakeel Nov 16
A very misleading info. So many misquoted info and many 500 roomed hotels in the pipeline. Hope the projects will get off fast tracked and construction begins as Movenpick is lagging behind and so are others.