Home / News/ Malik blank on city hotel project

Malik blank on city hotel project

Comments / {{hitsCtrl.values.hits}} Views / Saturday, 24 March 2018 00:04


  • Asks P’ment for time to respond to questions on project details and tax concessions 

By Ashwin Hemmathagama – Our Lobby Correspondent

A project to construct and operate a new city hotel, which was gazetted by the Ministry of Development Strategies and International Trade, was questioned yesterday (23 March) at Parliament under section 22 (3) of the Standing Orders.

Although the gazette was tabled by the Ministry of Development Strategies and International Trade, Minister Malik Samarawickrama was unable to explain the project in detail, along with the tax concessions proposed. Minister Samarawickrama, in response to JVP MP Bimal Rathnayake, said: “I need to find information about this, which I got to know now. Should be able to reply within a week.” As per the Extraordinary Gazette number 2049/59 of 15 December 2017, the project is to construct and operate a 475-roomed city hotel with 90 serviced Apartments at No. 116, Galle Road, Colombo 3. The project is to commence commercial operations within a period of 77 months from the date of the Project Agreement, signed with the Board of Investment on 19 July 2012 and ending on 31 December 2018.

According to the Colombo street guide, the controversial Hyatt Regency Colombo Hotel Project is located at No. 116, Galle Road, Colombo 3. 

Share This Article

Facebook Twitter


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Poson ponderings on positional power: ‘Authority vested’ vs. ‘authority wasted’

Monday, 17 June 2019

We witnessed a serene Poson Poya, in a far more improved security setting in Sri Lanka. Whilst the Sri Lankan life slowly returning to normal, political fronts do not appear to show the same. Has the political power become the people ‘pava’ (sin)

Emperors without clothes: Is Mother Lanka naked too?

Monday, 17 June 2019

The expression ‘The Emperor without clothes’ derives from the Hans Anderson tale that is based on Sufi wisdom. The Emperor in Anderson’s story was without doubt, the finest dressed man in the land and he loved wearing fine clothes and spent al

The confusion of the collision is becoming indescribable!

Monday, 17 June 2019

Strange are the things we are witnessing in the political scene. The fast-evaporating trust and confidence in politicians and the Government are seriously destroying the harmony of the nation. The Prime Minister of the country has admitted that the

Inculcate moral values in children: A change we need

Monday, 17 June 2019

We commemorated World Women’s Day on 8 March and the theme for this year was ‘Think Equal, Build Smart, Innovate for Change’. One of the initiatives taken by the Government to commemorate World Women’s Day was the introduction of separate com

Columnists More