ECONOMYNEXT – Sri Lanka’s LOLC group will get land in the Colombo suburb of Rajagiriya held by state-run Urban Development Authority to build and transfer a high rise project, a government statement said.
The cabinet of ministers had approved the award of the land to LOLC Investment Holdings Two (Pvt) Ltd on a long term lease.
The contract is given on a design, build, finance and transfer basis.
The land located by Cotta Road, Rajagiriya has an extent of 1 acre, 1 rood and 9.29 perches.
The award was made after calling competitive proposals. (Colombo/Jan25/2021)