ISSN: 1391 - 0531
Sunday, July 29, 2007
Vol. 42 - No 09
Financial Times  

Amunugama emphasizes improving Indo- Lanka economic ties

Minister of Enterprises Development and Investment Promotion Dr. Sarath Amunugama has emphasized the need to further improve current, excellent Indo-Sri Lanka relations underpinned through close high-level political exchanges and strong economic cooperation in diverse areas.

He noted that India’s contributions towards resurgence and revitalisation of Sri Lankan economy are noteworthy. These contributions have manifested in the form of a large aid and assistance programme, a healthy trade turnover that has crossed the US$ 1 billion mark and liberalised trade regime that includes the Indian US$ 100 million line of credit. The minister was speaking at a glittering ceremony at Water’s Edge Battaramulla organized in connection with the launch of ‘Centrium’ - the latest apartment complex in Colombo.

Dr Amunugama disclosed that the proposed Metro railway system is to be implemented shortly to provide easy transport connectivity for commuters including residents in high rising luxury apartment complexes and buildings that are coming up in the city of Colombo and suburbs.

This would minimize land acquisition which is a major problem in many infrastructure development projects, he said. The Metro Colombo would initially consist of 22-kilometres and would be built on the centre median on the main road. He noted that ‘Centrium’ will be the pinnacle of future high rise buildings in Sri Lanka as it has the touch of the giant neighbour India which is 20 miles away from the Island nation. Chairman of Eco Homes Lanka (Pvt) Ltd T.L.Prasad said that the truly international quality apartments built at a cost of US$90 million offer a sanctuary of serenity and sophistication for the city’s elite. Designed by well known architects from Sri Lanka, India and Japan, Centrium comprises of four towers and has 160 ultra modern spacious apartments.


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