Access Engineering has invested Rs.2.295 bn in Hotel 10 (Private) Limited, a joint venture between Mustafa’s, China Harbour Engineering Company (Lanka) Limited and Access Engineering toset up a mixed development project
The development will take place on a five acre land situated at No.250,Srimath Ramanathan Mawatha, Colombo 15.This land which overlooks the Colombo Port, is located 2 km from the City Centre and the Port CityDevelopment.
The US$ 650 million-Krrish square project construction is now underway following the final payment (about Rs. 690 million or US$5.3 million) plus fines for the delayed payments being made, top officials of the Board of Investment (BOI) and Urban Development Authority (UDA) confirmed to Business Times (BT).
Krrish Transworks Colombo (Pvt) Ltd, local company of the Krrish Group signed a supplementary agreement with the BOI on November 29, 2016 to complete the project in 48 months, BOI chairman Upul Jayasuriya said on Wednesday in an interview with the BT.