Sri Lanka awards Rs1.73bn contract to build Kelaniya University complex

ECONOMYNEXT — Sri Lanka’s Cabinet has approved awarding a 1.73 billion rupee contract to M/s Sathuta Builders (Pvt) 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 approved contract sum excludes Value Added Tax (VAT).

The procurement began after the Cabinet granted approval on February 3, 2025, to resume the project through national competitive bidding, attracting 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,” minister Nalinda Jayatissa said. (Colombo/Nov10/2026)