Sri Lanka approves funds for reservoirs and Southern roads
Jun 08, 2016 (LBO) - Sri Lanka’s cabinet has approved several reservoir and road development projects including the lower MalwathuOya reservoir and roads …
Real Estate & Construction
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Sri Lanka’s longest Rajagiriya overhead bridge work commences
June 08, 2016 (LBO) - Construction work on Sri Lanka's Rajagiriya overhead bridge was inaugurated on Monday by Harsha de Silva, the deputy minister of foreign …
Sri Lanka’s needs to replace traditional workplace with new strategies: JLL
techJun 06, 2016 (LBO) - Sri Lanka should be developing new workplace strategies and new workplace methods soon to cater to changing trends, Jones Lang LaSalle …
Sri Lanka’s LOLC March net up 46-pct amid growing incomes
June 03, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for …
Korean firm wants to revive KKS cement with USD450mn investment
June 03, 2016 (LBO) - Korea's AFKO group is interested in reviving the Kankesanthurai cement plant with a 450 million dollar investment, the Ministry of …
World Bank provides USD55mn to develop Jaffna
Jun 02, 2016 (LBO) –The World Bank has approved a 55 million US dollar loan to Sri Lanka to improve urban services, preserve cultural and environmental …
Access Engineering invests Rs800mn in property developer
June 01, 2016 (LBO) – Sri Lanka’s construction giant Access Engineering has invested 800 million rupees to buy 50 percent stake of a property developer to …
Sri Lanka to sign MoU with Singapore’s Surbana Jurong to develop Trinco
Jun 01, 2016 (LBO) – Sri Lanka’s Minister of International Trade said that Surbana Jurong, a firm specializing in urbanization and infrastructure …
Sri Lanka signs MOU with Siemens to develop Megapolis smart cities
May 30, 2016 (LBO) - Siemens, a German electronics and industrial conglomerate, has signed a memorandum of understanding with the Megapolis Ministry to offer …
Sri Lanka’s MTD Walkers losses up on rising costs
May 30, 2016 (LBO) – Sri Lanka’s infrastructure solutions provider MTD Walkers posted losses of 266 million rupees in the March 2016 quarter, up 333 …
MTD Walkers expands to Maldives
May 16, 2016 (LBO) – Integrated infrastructure and engineering solutions provider MTD Walkers announced today that it has expanded its operations to the …
Rajagiriya flyover work to commence July 2016: Harsha
May 16, 2016 (LBO) - Work on the proposed Rajagiriya Flyover will commence from July 2016 and be completed by 2018, a senior official said. “It gives me …
Megapolis should avoid mistakes by other South Asian cities: CCC Chairman
May 04, 2016 (LBO) - The Chairman of the Ceylon Chamber of Commerce says Sri Lanka should avoid mistakes made by other South Asian cities, when developing the …
Mawilmada to head Sri Lanka Megapolis investments
May 04, 2016 (LBO) - Nayana Mawilmada has joined Sri Lanka's Western Region Megapolis Planning Project (WRMPP) as head of investments, leaving his role as …
Sri Lanka Lotus Tower land deed still not cleared
Apr 26, 2016 (LBO) – The Lotus Tower or Nelum Kuluna’s land is still in dispute and awaiting approval from the Urban Development Authority, a senior …
Paranthan Factory reconstruction starts this year with Rs525Mn
Apr 25, 2016 (LBO) – A now defunct Lankan chemical pioneer is to be revived and construction work shall start before the end of this year to revive the …
Decisions under Sri Lanka’s Megapolis are ad-hoc: Prof Kumarage
Apr 08, 2016 (LBO) – Decisions and actions under Sri Lanka’s Megapolis have been ad-hoc and have not received sufficient debate and evaluation, a transport …
MTD Walkers says no partnership with Kolkata flyover builder
Apr 05, 2016 (LBO) - MTD Walkers PLC says says it is neither a JV partner nor the local partner of IVRCL of India, to clear up confusion in a recent media …
Ekroma realtors unveils boutique apartments in Sri Lanka’s capital
Apr 04, 2016 (LBO) – Sri Lanka’s Ekroma Realtors, a privately owned real estate developer, unveiled plans for an apartment complex targeting young …
Sri Lanka’s Watawala Plantations invests in new dairy farm
Mar 24, 2016 (LBO) – Sri Lanka’s Watawala Plantations, one of the largest tea plantation companies in the island has entered into a Joint Venture Agreement …