Cabinet Approves Rs1.73 Bn Contract to Build Kelaniya University Complex 📈

• Contract Details: Sri Lanka's Cabinet has approved awarding a contract worth Rs 1.73 Bn (excluding VAT) to M/s Sathuta Builders (Pvt) Ltd to construct a 10-storey building for the University of Kelaniya. • Project Scope: The new facility will house the university's Faculty of Commerce and Management Studies, directly boosting education infrastructure and supporting high-skilled workforce development. • Crisis Recovery & Procurement: The decision revives a key public infrastructure project previously halted due to Sri Lanka's economic crisis. Bidding resumed via national competitive procurement after initial approval on February 3, 2025, attracting 10 total bids, with the contract going to the lowest substantially responsive bidder.