The Cabinet of Ministers has approved awarding a Rs. 1.73 billion contract (excluding Value Added Tax), to M/s Sathuta Builders Ltd., to construct a 10-storey building for the University of Kelaniya.
The new building will house the university’s Faculty of Commerce and Management Studies, reviving a project that was earlier halted due to the country’s economic crisis.
The procurement process began after the Cabinet granted approval on 3 February 2025, to resume the project through national competitive bidding, which attracted a total of 10 bids.
‘Following the evaluation of the bids, the contract is awarded to the lowest substantially responsive bidder based on recommendations from the procurement committees,’ Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said at the weekly post-Cabinet meeting media briefing yesterday.
The proposal to this effect was submitted by Prime Minister Dr. Harini Amarasuriya in her capacity as the Education, Higher Education and Vocational Education Minister.