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Press briefing of Cabinet Decision taken on 2017-06-27
Lease of a Land situated at the Hospital Road, Thalapathpitiya for a Mixed Development Project
- Bids have been called for under the Government Procurement Procedure to allocate a part of the land in extent of 6 Acres 0 Roods 9.6 Perches situated at Battaramulla and Sri Jayawardenapura Kotte acquired for the Urban Development Authority under the Sri Lanka, Jayawardenapura Kotte, Parliament Development Project, to select a suitable developer for implementation of a Mixed Development Project. In response, 3 bidders have tendered there bids and accordingly, the proposal made by Hon. Patali Champika Ranawaka, the Minister of Megapolis and Western Development, to lease the land to the Monarch Imperial (Pvt) Ltd., the bidder who has offered the highest bid relatively to the government valuation of Rs.514 million, for a sum of Rs.1,200 million on a 99 year lease basis, subject to the conditions stipulated, as per the recommendations of the Technical Committee appointed by the Cabinet to evaluate the bids and the Standing Cabinet Appointed Procurement Committee (SCAPC), was approved by the Cabinet.