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Lotus Tower Company begins commercial operations next month

The Treasury owned Lotus Tower Company Ltd is set to launch commercial operations with the opening of a 356 metre tall tower for the public on September 15, a high official of the company said.

The new company was established after the Lotus Tower was brought under the purview of the Ministry of Finance, from its current authority, the Telecommunication Regulatory Commission of Sri Lanka (TRCSL), in February 2022.

The tower was constructed by the contractor China National Electronic Import and Export Corporation (CNEIEC) with a total cost of US $ 104.3 million, an 80 percent of the cost funded by Exim Bank of China.

The aim of launching commercial operations of the Lotus Tower is to provide an opportunity for investments in various business enterprises.

Lotus Tower Company Ltd has published a news paper advertisement recently calling for prospective investors to invest in various services which are expected to commence at stalls in seven stories of the tower.

The ground floor or the basement is set apart for super luxury and special trade stalls, lake view food court, souvenirs shop, and photo studio and exhibition gallery.

An innovation centre, lake view coffee lounge, E-sports centre, 9-D cinema halls, digital banking services and digital arts museum will be set up at the first floor.

The second floor space is available for business office facilities, exhibition hall, Auditorium and separate spaces for special ceremonies.

Roof terrace is set apart for roof top restaurant and free spaces as well as separate spaces for special ceremonies.

The sky lounge and special hall for ceremonies are to come up in the third floor, a, hall for ceremonies in the fourth floor, rotating restaurant at the fifth floor, luxury room facilities at the sixth floor and an observation deck at the seventh floor.

According to the original plan of the project, the tower was to be developed as a telecommunication tower equipped with a hotel, a telecommunications museum, restaurants, auditorium, an observation deck, a shopping mall and a conference centre.

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