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The One – Sri Lanka enters into FIDIC contract with Financial giant CITIC Limited of China

The One – Sri Lanka enters into  FIDIC contract with Financial giant CITIC Limited of China

The façade of Ritz-Carlton and JW Marriot towers at Transwork Square in Colombo Fort is to be constructed under the guidance of the International Federation of Consulting Engineers, Developers of “The One – Sri Lanka” project announced .



Developers of “The One – Sri Lanka” project The One Transwork (Pvt) Ltd China’s one of the largest financial companies ,the CITIC Limited and its consortium partners SGCG (Beijing Shougang Construction Group) have entered into a FIDIC contract to partner with the project for this purpose. .

The FIDIC contract was signed by CEO/MD of The One Transwork (Pvt) Ltd ,Janaki Siriwardena and . XIAO YONGPING – Project Manager CITIC Limited in the presence of Tian YE, Chairman, SGCG Construction Global Company.

FIDIC Contracts have been developed over 50 years as the international standard for the Consulting Industry. They are recognised and used globally in many jurisdictions, on all types of projects.

THE ONE comprises a combination of offices and residences, a luxury retail mall, multiple storeyed car parks, a banquet hall, a collective of dining experiences including a Sky Bar, business offices and a helipad atop THE ONE to complete the canvas of opulence in the sky.

The 80 storeyed 326-meter Ritz-Carlton Tower will house the Ritz-Carlton Hotel and The Residences, while the second tower, which stands at 291 meters covers 77 floors will house JW Marriot Hotel and the Residence. 3rd Tower a 375 meter 94 storeyed


“The One” tower will be the tallest building in this region. First tower set to be handed over starting December 2020

Our long-term objective is to capture emerging opportunities in China and around the world. And we are commited to create long-term value for all of our shareholders. We see this partnership as benefiting to our companies’ long-term objectives” added Mr. XIAO YONGPING – Project Manager CITIC Limited.

The Managing Director of One Transwork square (Pvt) Ltd added that “This partnership has significantly strengthened the project in a multitude of dimensions. As they are construction giants with extensive construction knowhow, we see this as a major achievement not only for our project but for Sri Lanka as well”.

Tian YE, Chairman, SGCG Construction Global Company added that, they are excited to partner with such global giant CITIC Limited for this landmark iconic project.

(LI NEWS)

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