Dec 04, Colombo: Deputy Economic Development Minister of Sri Lanka Lakshman Yapa Abeywardena says that China National Aero Technology Import and Export Corporation (CATIC) is yet to decide on a plot of land out of several offered by the government.
The seven-acre plot of land in Galle Face initially offered to CATIC has now been allocated to build a Hotel for the Sheraton Group by an Indian Company following Cabinet approval last week.
Abeywardena told ColomboPage that CATIC was shown three plots of land around the Beira Lake as an alternate to the Galle Face land.
The Deputy Minister said CATIC was yet to decide on the plot of land, which would be given on a 99 year lease.
The government is currently making arrangements to sign an agreement with India’s ITC, Franchise of Sheraton Group of USA, to build the Sheraton Hotel within a period of four years.