state land, going, going...?
Prime State land in and around the Colombo city has been advertised
for sale, both locally and internationally by the Government's Public
Enterprise Reforms Commission (PERC).
the attractive plots advertised by PERC is a 12-acre extent of land
opposite the redeveloped Beira Lake, along Sir James Peiris Mawatha,
which formerly housed the Colombo Commercial Company (CCC).
developers told The Sunday Times that they believed that a perch
of land could fetch anything more than Rupees 1.5 million. PERC
has called for Expressions of Interest from both local and foreign
investors wishing to purchase the land in entirety, in large blocks
or in the form of 10 to 15 perch blocks. The closing date has been
fixed as March 31.
other State land advertised for sale is a block of 126 perches alongside
Union Place and owned by the National Paper Company (former National
have also been called to revive the BCC Lanka Ltd. located at a
prime property consisting of nearly six acres in Colombo 12. Meanwhile
PERC has also called for bids for the revival of the Embilipitiya