Rs 5 b investment:

SLCC to construct luxury building in Kollupitiya

Indunil HEWAGE

Sri Lanka Cement Corporation (SLCC), owned by Sri Lankan Government is to construct a 25-storeyed luxury building in Kollupitiya with a Rs 5 billion investment. At the moment, SLCC is in the process of clearing the lands in the above area to start the construction work of the project. The building will consist of a rotating restaurant, banquet hall with 5000 seating capacity and international food chains. Remaining space in the building is to be rented for banks and various official requirements.

Sisira Jinendra Paranagama

“In addition, the Sri Lanka Cement Corporation and the Lanka Cement Ltd (LCL) will initially invest approximately Rs 25 million to build a hotel school and a hotel in Kankesanthurai area and the project will be started on a total land extent of 881 acres which belongs to the Sri Lanka Cement Corporation. At the initial stage of the hotel project, it will have 10 cabanas and will be more cabanas will be added in the future. The hotel school will also provide training opportunities for over 200 youth in Vavuniya district”, Sri Lanka Cement Corporation and Lanka Cement Limited Chairman Sisira Jinendra Paranagama told Daily News Business.

“To support the on going Uthuru Wasanthaya programme, the SLCC is in the process of manufacturing electricity poles, telecommunication poles and pavement blocks to cater to housing and other development needs of people living in the Northern area. We see a huge demand for electricity and telecommunication poles and pavements blocks with the construction boom and ongoing rehabilitation process in the Northern area and SLCC will provide these concrete products at a concessionary price for people in these areas,” he said.

At present, electricity and telecommunication poles and pavements blocks are being manufactured at the Kankeshan Concrete Works factory, in Kankesanthurai which comes under the governance of the SLCC and the LCL.

Talking about the future investments in the Kankeshan Concrete Works, Paranagama said SLCC in collaboration with LCL will inject approximately Rs 10 million in six months to increase the factory’s production capacity while increasing the present 100 employee base to 500 in the near future. It is also planed to manufacture concrete doorframes and walls to facilitate the budget house requirement of the people in Jaffna.