Lotus Tower to begin operations on Sep 15

INSUBCONTINENT EXCLUSIVE:
Adding a novel experience for the people of Sri Lanka, the operations of Lotus Tower in Colombo are scheduled to kick off on September 15,
economy, culture, and development.Measuring up to 356 metres in height, the Lotus Tower was constructed with a cost to the tune of USD 113
million
A Chinese company granted USD 88.65 million while the rest was borne by the Sri Lankan government, according to the PMD.The loan instalments
are due to be completed by 2024
USD 66.3936 million of the loan has already been paid, the PMD added.Colombo Lotus Tower Private Company is a company established in March
Telecommunication Regulatory Commission of Sri Lanka (TRCSL) 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 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 skydiving 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.Following the commencement of its operation, the members of the public will be allowed to visit the tower by purchasing a
ticket for Rs
500 or Rs
2,000
For a foreign national, the ticket is priced at USD 20.Those who purchase a ticket for Rs
2,000 will be given the opportunity to enter the premises without standing in a queue and to climb to the top of the tower several times
during a single visit
Meanwhile, those who purchase Rs
500 ticket will be allowed to visit the top of the tower only once.The PMD said a QR code system is planned to be introduced in the future
in lieu of tickets.The Lotus Tower operations have been designed to meet the anticipated entertainment and recreational requirements of the
public
The Lotus Tower is spread over 10.5 acres of land and will no doubt become an entertainment haven for the youth who desire adventure
sports.Colombo Lotus Tower Pvt
Ltd
states that it is currently negotiating with 58 investment companies and expressing interest in entering into agreements with 22 of them,
and orders for 15 different events have been received until December 31 this year.The chief administrator stated that after 2024, Lotus
Tower has created the necessary environment to ensure profitability as a company and plans to continue its operations without burdening the
Treasury.Samarasinghe further stated that it is planned to carry out all these operations more successfully from January next year.Those
visiting the Lotus Tower can experience pubs, famous restaurants and souvenir shops on the ground floor, while several renowned commercial
banks are also planned to be established on the ground floor.The first floor is expected to be allocated for offices and it is also expected
to establish a digital cinema hall
On the requests made by individuals and companies, steps have been taken to rent out space at the Lotus Tower on the basis of rates per
square foot
The third floor consists of a conference hall, which can accommodate up to 400 people at a time
Meanwhile, the open floor has been designed in such a manner that it can be used for various entertainment activities.On the first floor,
shaped like a lotus bud, a reception hall has been constructed that can accommodate about 400 people, and the upper floor is equipped with a
revolving restaurant which no doubt, will be a novel experience for the public
observation deck.Lotus Tower is also equipped with three of the fastest lifts in the country, made in line with Japanese technology
The public can look forward to experiencing these unique attractions when the Colombo Lotus Tower commences operations on September 15.
This article first appeared/also appeared in https://adaderana.lk