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Access Engineering begins work as sub-contractor for Gatembe flyover

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Access Engineering PLC, the pioneers in flyover construction in Sri Lanka, was recently awarded the sub-contract to construct a flyover at the Gatambe junction, a permanent solution to reduce the heavy traffic congestion at the Gatambe junction in Peradeniya.

The Gatambe junction is located literally in Peradeniya between Peradeniya and Kandy and Old Peradeniya Kandy Road (A1) and New Peradeniya Kandy Road (AB42 – William Gopallawa Mawatha) cross at this junction. In addition, there is a railway level crossing on William Gopallawa Mawatha just passing the junction towards the Kandy city.

According to the studies conducted, the insufficient road capacity to endure the increasing traffic levels in the area, inefficient control and safety systems adopted for level crossings and insufficient mobility management attempts have contributed to an influx in traffic congestion in the area.

As a solution to ease off the traffic congestion at the Gatambe junction, the Road Development Authority proposed to erect a flyover at the junction. 

The proposed flyover will consist of two parts, a main flyover along the AB42 road and a branch flyover from the AB42 road to the A1 road to the Peradeniya direction. 

The branch flyover shall be 432.4 metres long and it will comprise a single lane carriageway. The project scope includes the necessary improvements to the junction and service roads to facilitate turning movements and through traffic along the A1 road direction.

The project is funded by the Government of Hungary and the design and supply of the superstructures are entrusted to Betonútépítő Group of Hungary, which plays the role of the main contractor and the design and construction of substructure, on-site fabrication, designing and construction of adjacent roads and installation and erection of the steel superstructure are subcontracted to Access Engineering PLC. 

The official groundbreaking ceremony of the project on June 7, 2021, saw the opening of a plaque and the event was attended online via Zoom technology by Prime Minister Mahinda Rajapaksa from Temple Trees.

 

 



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Altair on track

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Altair - the architectural marvel

`Altair’, the iconic building in Colombo – Sri Lanka is designed by Celebrity Architect Moshe Safdie based in Boston, USA. Moshe Safdie has designed many famous iconic structures including the famous Marina Bay Sands with Sky Garden in Singapore. `Altair’ is in the league of iconic buildings of the world, such as Burj Khalifa, Petronas Tower, Marina Bay Sands, Shanghai Tower, The Parc 1 Tower in Seoul – South Korea, ICC Building & Bank of China Tower in Hong Kong to name a few. 

The project `Altair’ was launched by South City Group in Colombo in the year 2013. Due to construction related complications, force majeure reasons and an unfortunate ownership related dispute, the project has been delayed. However, South City Group has expressed with much pleasure that the Group is back in the helm of the real estate project with 100% control. Most importantly, the project is progressing well and will be ready for handing over in the next few months.

The spokesperson of South City stated that that they are getting utmost support and cooperation from the Government of Sri Lanka for completing the project. President Gotabaya Rajapaksa has appointed Mr. Sirinimal Perera, the Special Authorised Officer to steer the project towards its successful completion. South City group is also receiving steadfast backing from the esteemed customers and the project is on track to deliver what it promised since inception. The rich experience of South City Management with a huge knowledge bank will be able to soon create another landmark in Sri Lanka which will be one of the top landmarks in the world.

Altair’ is an architectural marvel and consists of two vertical tower blocks, one straight tower and another stepped tower which is in slope and leaning to the straight tower. The project is in the prime area of Colombo facing Beira Lake as well as the Indian Ocean. The finishes of the project are on high calibre, with Italian marble, wooden flooring, central air-conditioning, hot water supply and super luxurious sanitary fixtures. Additionally, there is a Resident Club on the fifth level with a garden around it and on 63rd level with the swimming pool and other recreational facilities. 

The apartments have been booked by the Crème de la crème of Sri Lanka’s social fabric, HNI and a noteworthy number of overseas residents from the Sri Lankan diaspora. Notably, ‘Altair’ a is the biggest FDI investment in Colombo for real estate to date. Altair is a symbol of a successful foreign investment and a show-piece for the Sri Lankan Government to attract further investment in Sri Lanka.

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A cheering campaign to support Team Sri Lanka at TOKYO 2020

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Chethika Rajapaksha, Marketing Manager, ICL Brands, Susanthika Jayasinghe, Dushan Vas, Niloo Jayatilake, Chairperson – Women's Committee, NOCSL, Fazil Hussain, Member, Ex. Committee, NOCSL.

ICL Brands’ Eva lived up to its’ promise of ‘Leading with Confidence’ by partnering with the National Olympic Committee of Sri Lanka (NOCSL) as the Official Cheering Partner for Team Sri Lanka at TOKYO 2020, Olympics. The brand initiated a massive communication campaign, centered around the ‘Official Cheering Song’ to drive Sri Lankans to rally around Team Sri Lanka and support the 9 athletes that bear the pride of the nation at TOKYO 2020.

The launch of the ‘Official Cheering Song’ took place at the Capital Maharaja Group head office with the participation of Sri Lanka’s very own Olympic Silver Medalist, Susanthika Jaysinghe, NOCSL Women’s Committee Chairperson, Niloo Jayatilake, NOCSL’s Executive Committee Board Member, Fazil Hussain and Chethika Rajapaksha, Marketing Manager for ICL Brands. Amidst the other guests who graced the occasion were Sunil Kanojia, Group CEO – CMG, Shanthi Bhagirathan, Group Director – ICL Brands, Rakesh Khosla,CEO – ICL Brands and others.

The event was live streamed via multiple social media platforms simultaneously, reaching out to a wide audience and kicking off the cheering campaign officially. Eva’s campaign to cheer for Team Sri Lanka will continue throughout the period of TOKYO 2020 Olympics on multiple media platforms.

Susanthika Jayasinghe who graced the occasion as chief guest praised the initiative ”’I am extremely happy to see the brands of highest caliber such as Eva coming forward to support Sri Lankan athletes at Olympics. As an athlete who has represented and won for Sri Lanka on the Olympic stage, I know how much this means to our athletes in Tokyo right now”.

 

 

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Sri Lanka Development Bonds auction held during July 20-27, 2021

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Date of settlement July 30, 2021

An issuance window for SLDBs will be opened with the announcement of the auction results until close of business of day prior to settlement (i.e., preferably by 3.00 pm on 29.07.2021) at the Weighted Average Fixed Rates determined for respective maturities at the auction, up to the limit specified for possible upsizing, at first come first served basis. Applications for subscription through the issuance window are to be forwarded to ‘fopdd@cbsl.lk’ within the stipulated time period.

Public Debt Department

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