Home / Front Page/ BOI to ink JV with S’pore’s Surbana Jurong next week

BOI to ink JV with S’pore’s Surbana Jurong next week

Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 26 April 2017 00:00

The Board of Investment (BOI) will ink a joint venture agreement next week with Surbana Jurong, an infrastructure and urban development subsidiary of Singapore’s State-owned investment vehicle Temasek Holdings, to develop a few select cities in Sri Lanka.

“The BOI will be signing a joint venture agreement with Singapore’s Surbana Jurong to plan and change the outlook of Colombo, Trincomalee and Kandy cities. The joint venture agreement will be signed on 9 May, which will be backed by the Government of Sri Lanka,” BOI Chairman Upul Jayasuriya said at the groundbreaking ceremony held in Colombo yesterday.

He said amongst those projects, the first one will be Colombo around the Beira Lake, which extends to more than 200 acres of land owned by the Sri Lankan Government. 

“Surbana Jurong will undertake the plans and development, where they will be drawn by the local architects and professionals. The expertise of Surbana Jurong will be shared among local professionals,” he added.

He said the completion of Beira Lake development will be the “jewel in the crown” as it is an important part of the city of Colombo. 

While acknowledging that attracting much-needed foreign direct investments to the country was important, Jayasuriya also said that projects of this nature were necessary to change the outlook of cities which will garner more attention from global travellers. 

Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Strong brands can sustain shocks!

Thursday, 22 March 2018

The recent media highlighted the impact of communal violence on the tourism industry. The press conference earlier this week threw out a number as high as 10% whilst the actual cancellation was around 500 room nights around the Kandy vicinity was rep

Racism, riots, and the Sri Lankan State

Thursday, 22 March 2018

“One’s life has value so long as one attributes value to the life of others, by means of love, friendship, indignation and compassion” – Simone de Beauvoir

Why Ranil is still needed

Thursday, 22 March 2018

The Joint Opposition move to pass a vote of no-confidence in Prime Minister Ranil Wickremesinghe will come a cropper. Ranil knows that best as he has tersely told a group of opposition pollies (Australia slang for ‘politicians’), “Come on! Pres

Putin, Mahinda and Gotabaya

Tuesday, 20 March 2018

I have to say that I am very happy indeed about the resounding victory scored by President Putin. If not for him, there would be no multi-polarity in the world; no chance of a global equilibrium; no ally for the rising economic power of China which w

Columnists More