Twin towers seek concessions
The ambitious twin tower ‘World Export Centre’ project, announced by Hayleys PLC in the latter part of 2016, is awaiting government concessions for commencement.
“With the current cost of construction it is unlikely for us to commence work on this project unless some concessions are given.
Until then it’s a no-go,” Hayleys PLC Executive Director and the director of the twin tower project Sarath Ganegoda said.
When queried as to what were the concessions expected, Ganegoda said, “The same concessions that were given to similar strategic projects.”
The plan was to build two towers, each having 55 floors with a total 3.8 million square feet of commercial office space at the 6-acre freehold land where the group operations are currently located at Deans Road, Colombo 10.
The towers were to provide working space for 20,000 employees, with ample parking for over 2,000 vehicles, 3 floors of retail and office amenities.
“The soil has been tested. Plans have been drawn and we got all the approvals. It’s ready to start. We have been waiting to see whether we’ll get some concessions to make the project viable,” Hayleys PLC Chairman Mohan Pandithage said.