Colombo, 10 November, (Asiantribune.com): Sri Lankan President Mahinda Rajapaksa mooted setting up country’s tallest multipurpose tower at a cost of nearly Rs. 11bn (US $ 100) which will be funded by China.
The 350 meter-tall lotus-shaped tower is primarily built to house radio, television, and telephony serving greater Colombo area and will be equipped with restaurants and observation facilities for tourists.
Hopeful of listing 30 percent in Colombo Bourse
Sri Lanka’s telecom watchdog- Telecommunications Regulatory Commission (TRC) is hopeful of listing 30 percent of the venture in the Colombo Stock Exchange (CSE) within two years.The Cabinet recently approved the Memorandum of Cabinet presented by President Mahinda Rajapaksa, under whose purview TRC comes.
Broadcasting and telecasting towers together with telecommunication towers located in Colombo and suburbs are to be dismantled in stages, in order to be housed at the Peliyagoda tower. The tower along with the surrounding amusement park, is scheduled to be completed within three years.
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