Sri Lanka unveils South Asia’s tallest tower in Colombo

Sri Lanka unveiled a 350-metre-tall Lotus Tower which is now being dubbed as South Asia’s tallest tower in Colombo city. Though the tower is still under construction President of Sri Lanka Maithripala Sirisena decided to open the tower to public. As per the President, Lotus Tower is foreseen to be one of the significant landmarks and an epitome of island country’s culture, economy and development.

About ‘Lotus Tower’

It is the tallest tower in South Asia in the shape of a 356-meter lotus.

The tower costs more than $100 million. The 80% of costs incurred has been funded by China under the controversial Belt and Road Initiative (BRI).

The 350-metre tall Lotus Tower has 17-storey and is located in Colombo. It comprises a hotel, a TV tower, restaurants, a mall, a telecommunications museum, and auditorium.

Sri Lanka and China signed the Lotus Tower agreement in 2012 to build the tower. As per the agreement China National Electronics Import and Export Corporation (CEIEC) was the general contractor.

Month: Current Affairs - September, 2019