Puttalam UC to kick-start shopping complex

by M.U.M. Sanoon, Puttalam TKN Cor.

Puttalam Urban Council is about to kick start its extensive town development program. According to K.A. Baiz, Chairman of that Council, tenders have been invited to allocate stalls in the "Alpha" shopping complex, the first stage of the proposed construction of three shopping malls, "Alpha","Beta" and "Delta".

"The Puttalam Urban Council plans to go ahead with this mass development program with people's investment. The tender process is to raise the necessary funds from the investors for the construction of the first shopping mall, the "Alpha" complex which is expected to be started by April this year and completed by April next year" said, Chairman Baiz.

The Alpha shopping complex consists of 32 stalls in the ground floor for electronic items 32 stalls in the first floor for textile and garments, 32 stalls in the second floor for jewellery and ornaments and same number of stalls for computers and IT related items in the third.

The special feature of the third floor, according to Chairman Baiz, is the proposed high state-of-the-art cinema theatre. The entire shopping mall will be air conditioned through a central air conditioning system.

The Chairman further said that the Council will help the investors for bank loan facilities.

The bank that is to provide such loan facilities to the potential investors will not release the fund to the bank account of the loan applicant, but directly to the special account of Puttalam Urban Council and the debtors are to repay the loan directly to the bank.