Sri Lanka colonial era hotel, environs, in billion US dollar PPP project

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.

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