Courtesy NewsIn.Asia

Colombo, August 31 (PMD): Adding a new experience for the people of Sri Lanka, the operations of the tallest self-supported structure in South Asia, the Lotus Tower, is planning to commence operations from the 15th of September.

With the commencement of operations of the Lotus Tower, which was built at a cost of nearly US$113 million, the Colombo Lotus Tower Pvt Ltd intends to offer the Sri Lankan public a novel experience.

A Chinese company granted US$ 88.65 million and the rest has been borne by the Sri Lankan government. The loan instalments are due to be completed by 2024. Already, US$ 66.3936 million of the loan has already been paid.

Colombo Lotus Tower Private Company is a company established in March this year under the Treasury, and all its transactions are audited by the Auditor General’s Department.

The loan agreement between the Telecommunication Regulatory Commission and China was initiated and the work on the Lotus Tower commenced in 2012.

Although its construction was planned to be completed in 2015, the planned date of completion could not be met. The Chinese company completed the construction work and handed over the Lotus Tower to the Government of Sri Lanka on February 28, 2022. Thereafter, Colombo Lotus Tower Pvt. Ltd. was established and its operations were entrusted to the company.

The Chief Administrative Officer of Colombo Lotus Tower Pvt. Ltd Major General Prasad Samarasinghe (Rtd), said that it Lotus Tower is planned to avail new technological experiences along with entertainment similar to those found in wealthy countries around the world.

Among the attractions offered at Lotus Tower are adventure sports such as sky diving and bungee jumping.

Samarasinghe said that so far local investors (80%) and foreign investors (20%) have joined the investment opportunities at the Lotus Tower.

Dialog Telecom Company and Sri Lanka Telecom Company have already reached agreements for investments of Rs. 200 million each.