The Lotus Tower, built at a cost of USD 113 mn will be opened to the public on 15 Sept. Former President Maithripala Sirisena declared open the tallest self-supported structure in South Asia on 16 Sept 2019, though it was not opened to the public.

The Presidential Media Division (PMD) yesterday said that a Chinese company had provided US$ 88.65 mn. “The loan installments are due to be completed by 2024. Already, USD 66.3936 mn of the loan has been paid.

“The 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 (Ret.) Prasad Samarasinghe, said that the 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 explained that so far 80 percent of local investors and 20 percent of foreign investors 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.”