The Ministry of Defence and Urban Development announced that the conversion of the former Pettah fish market into a gold centre was almost complete and it would be opened shortly.
The building which housed the former fish market which was shifted to Peliyagoda has been converted to a five-storey complex to house gems, jewellery and gold stores.
The Rs.400 million projects undertaken by the Urban Development Authority (UDA) is to provide better infrastructure and security facilities to the trade. Both local and foreign businesses are expected to be set up in the new building. The authority said that the Gems and Jewellery Authority would also have a stall in the premises to authenticate gems and jewellery items purchased by customers.
The ministry said renovations which began in 2012 were to be completed by October 2014 and that the building would comprise 85 commercial spaces, two banks, a food court and a parking lot with modern facilities for 700 vehicles.
While the UDA were the architectural consultants for the project, the Central Engineering Consultancy Bureau (CECB) was the engineering consultant. The construction of the building has been carried out by the Army.