The Lotus Tower that Is being constructed down D.R. Wijewardene Mawatha has reached a height of 50 metres now.
The telecommunication regulatory official stated that feasibility studies for the second, phase of the project are ongoing with the finalisations to structural drawings. It will take another one or two months for the feasibility studies to be completed. Once that is done, the papers will be submitted to the Cabinet for approval.
The second phase of the project will have a massive car park and shopping mall and is being designed by the University of Moratuwa.
The first phase of the project that the ongoing construction is being funded by a loan obtained from a Chinese bank.
With communication towers, museums, food courts and administrative offices, the tower would be a communication hub for both public and private sectors. The Lotus Tower will stand 350 metres in height and will be the tallest building in the country once completed.