Nawaloka Construction wins ‘No-Tender’ project award from Maldives

by Sanath Nanayakkare-September 17, 2015

Nawaloka Construction Company has been awarded a construction contract for a hotel project worth US$ 60 million in the Republic of Maldives, without having to go through any tender procedures, the media learnt on Wednesday, at a press briefing held at the Nawaloka Auditorium in Colombo.

The reason behind winning this contract award has been the Company's success-traits, its financial strength and its key parameters influencing effective project performance, Kalana Alwis, Director/CEO, Nawaloka Construction Company (Pvt) said.

"Nawaloka Construction's project-performance and its control systems to improve project outcomes solely helped us gain entry to the global construction market, and our maiden oversees undertaking of the hotel project in the Republic of Maldives worth US$ 60 million had nothing to with tenders," he emphasized.

"EFZY Holdings Pvt. Ltd. has designed to develop a luxury resort of 150 units located in Vakkaru Island. Total 120 Villas include 55 water villas and SPA, the rest being island villas with all other modern Five Star facilities. This construction project has been awarded to us purely on the merits of the work done by the Company so far. We are sure that the successful completion of this project will place the Nawaloka Construction Company in the Republic of Maldives for future construction projects and also on the global list of International Construction Companies," Alwis said.

"We undertook several high-profile projects in the recent past and have completed several leading projects that set the benchmark in the country's construction industry. Among them is the flagship project--not only for the Company but also for Sri Lanka--the Prima Sri Lanka silo project in Trincomalee which comprises of 50 silos of 60-metre high", he noted.

"The construction of the Residence of the Ambassador of Kuwait in Sri Lanka, Razvi Medical Complex affiliated to the Maharagama Cancer Hospital, Road Development Authority, Head Office, Battaramulla,(design and build contract) the Readywear Office Complex at Braybrook Road, Hydepark Corner and our latest award symbol are some of the Company's iconic accomplishments".

"Another iconic project outside Colombo is the ultra-sophisticated Cargils Square Super Market Complex in Jaffna of which the Northern Province is proud of. The Company has also executed road sector projects throughout the country, including Colombo, Jaffna, Trincomalee, Ampara and Kalutara, Kegalle and Ratnapura for the Road Development Authority and Provincial Road Development Authorities," Alwis pointed out.

Nawaloka Construction Company is the local Joint Venture Partner of the Water Front Project which is among the few recently started mixed development projects undertaken by Foreign Construction Companies.

Jayantha Dharmadasa- Nawaloka Group Chairman speaks to the media on Wednesday (above) along with a scene of the construction site of the Nawaloka Car Park Project adjoining the Company's hospital premises in Colombo.