Twin tow­ers seek con­ces­sions

Daily Mirror (Sri Lanka) - - BUSINESS NEWS -

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.

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