Sri Lanka’s Cabinet of Ministers has approved a fresh call for investment proposals for a prime land parcel on Chatham Street in Colombo Fort after an earlier attempt failed to attract investors. The Urban Development Authority (UDA) had invited proposals in 2024 for a mixed development project on a 99-year lease basis for a 2-rood, 14.7-perch portion of land owned by the authority. However, no suitable investor came forward under the initial call, according to Cabinet papers. In response, the Cabinet approved a proposal submitted by the Minister of Transport, Highways and Urban Development to re-invite development proposals from the…
Cabinet approves fresh investment call for Chatham Street land
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