BOI clarifies Rs. 60 Mn cost for renovation purposes

COLOMBO (News 1st);  A public discourse has arisen regarding the attempt to incur a cost of 60 million rupees for the urgent renovation of the 24th floor of the World Trade Center building where the Board of Investment is located,.

The Board of Investment has clarified the matter.

The BOI says that a Feasibility assessment on the renovation activities was commenced in January 2021.

In the statement issued the BOI notes that their office premises have not been renovated for a considerable time period.

The statement adds that this causes an inconvenience to employees as well as visitors.

The statement added although an estimate had been prepared to address the shortcomings of the office, an internal decision had been taken to re-evaluate the time frame for future steps in the reform process as the pandemic grew.