The Cabinet of Ministers had approved a proposal presented by Minister of Urban Development and Housing to award Access Engineering PLC the contract to build 400 housing units in Elliot Place in Borella for Rs. 9.37 billion (without tax).
The Elliot Place Housing Project with 400 housing units by the Urban Development Authority is for middle-income earners in the public and private sectors.
The project did not proceed as planned due to financial problems in the company that awarded the contract for the design, construction, and financing of the project, and the contract was terminated, the state information office said.
Accordingly, National competitive bidding was called for the completion of the remaining work of this priority project and Access Engineering was awarded the contract.
Photo caption – Chairman of Access Engineering PLC Mr. Sumal Perera
– Ada Derena