Fort Colombo Land Re-tendered for Mixed Development 📈

• The Cabinet has approved a new investment drive to attract proposals for a prime land parcel in Fort Colombo for a mixed-use development project. • The land, owned by the Urban Development Authority (UDA) on Chatham Street (2 roods, 14.7 perches), will be offered on a 99-year lease after government valuation. • This re-tender follows unsuccessful attempts to attract investors in 2024. • The initiative aims to ensure optimal land utilization, contribute to economic development, and transform the strategic Fort Colombo area.