Sri Lanka seeks proposals to develop a mixed develop project

Sri Lanka’s Board of Investment is seeking proposals from interested parties to build a mixed development project or a hospital project in a prime land, located in the capital Colombo.

BOI says the 13.5 acre land bordering Kirimandala Mawatha in Colombo 05 will be given on a 99 year lease contract for a potential investor, who comes forward to take up the project.

According to Ranjan Sibera, Deputy Director of Investment of the BOI, the land which will be given on lease contract is worth between US$ 40 to 50 million

In a paper advertisement published seeking proposals for the proposed project; the BOI announced the project will receive tax reliefs and other incentives.

Investors from any part of the world are eligible to apply for this project and the proposals should reach the BOI on or before the 24th of August, 2012.

“We will also endorse joint ventures” added Sigera.

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