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Tag: development in colombo

  • Colombo City and Subs Garbage going to be Solid Waste to Puttalam

    For the first time in Sri Lanka history, the Sri Lanka Railways (SLR) will transport garbage as part of a solid-waste disposal project in which garbage will be collected from Colombo City and the suburbs. The garbage will be disposed at a site in Aruakkalu in Puttalam under a newly formulated Municipal Solid Waste Disposal…

  • Casino contributes Rs. 500 Million as a Tax Revenue to the Government

    The Deputy Minister of Finance and Planning, Sarath Amunugama stated in Parliament that Casinos are one of the tax revenue generating sources in Srilankan Economy, where the Casino industry is approximately contribute Rs. 500 Million for government revenue as taxes. And the Minister stated that the government had earned revenue of Rs 1,400 million by…

  • Floating market, latest attraction in Colombo

    The construction of the floating market at Bastian Mawatha, which is part of the Colombo City Development Project, implemented by the Urban Development Authority is complete. Thousands of people including foreigners visiting Colombo can buy products at this market where 92 stalls have been set up to sell local products. This floating market also targets…

  • A floating market on the Beira, Colombo

    The first ever floating market in the county is to be declared open soon, the Urban development Authority (UDA) said. The market situated in Pettah is being constructed on the Bara Lake adjacent to Bastian Mawatha in Pettah. The UDA had earlier plumed to open the market before the Sinhala & Tamil New Year but…

  • Shangri-La Increases Investment to US$ 450 Million

    The Shangri-La hotel chain, which will be initiating Sri Lanka’s first seven star hotel, has revised its plan of construction and has decided to increase their investment to US $450 million, excluding the cost of the land and along with an increase of rooms from the initial 500 to 625. The hotel is to be…

  • 350 metres Lotus Tower on progress to be the tallest in Lanka

    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…