PROPOSED BUSINESS MODEL FOR WELIKADA.pptx

Business model

1. Proposed Layout Plan

2. Milestones Cabinet Approval March 2021 MOU between UDA & Prison Department April 2021 Land Vesting Sep.2021 RFP call for Stage 1 Oct.2021 RFP call for Stage 2 July 2022 RFP call for Stage 3 July 2022

3. Proposed B u s I n e s s M o d e l Welikada Prison Relocation Project

4. New Prison Headquarters Quarters Welikada Land 40 Ac. Land Vesting( Welikada ) Cabinet Approval Investor Selection Quarters Magazine Prison New Female Ward Hospital Training School Welikada Prison Colombo Remand Prison (CRP) PINGO Section Prison Headquarters Millewa Land 230 Ac. Welikada Prison Colombo Remand Prison (CRP) Pingo Section Magazine Prison Quarters New Female Ward Hospital Training School Battaramulla Land 1 Ac. 8 Ac. 45 Ac. 14.5 Ac. U R B A N D E V E L O P M E N T A U T H O R I T Y 108 Ac. 8.8Ac. 77 Ac. “ Chappel Ward” 4.4 Ac. Developer 30 yrs Lease under UDA ownership “ SPS & ASPS Quarters ” Govt. Press land Developer 2 Ac. Stage 1 Stage 2 Stage 3 Stage 4 Investor Selection Investor Selection Start _Oct. 2021 Start _Jul. 2022 End _Jul. 2024 Start _Jul. 2022 End _Jul. 2024 Start _ Jul. 2024 End _Jun. 2025 Sep. 2021 March. 2021 End _Oct. 2023 P R I S O N D E P A R T M E N T MOU April. 2021 Stage 2 Stage 1 Stage 3 Stage 4 Total Gap Financing - 14.36 Bn. Land Value - 7.68 Bn. Construction cost of “Stage 1” New Magazine Prison - 5.60 B n. Headquarters at Battaramulla - 2.40 Bn. Land Value Millewa & Battaramulla - 0.97 Bn Infrastructure development of Millewa - 1.40 Bn. Acquisition cost for Millewa developments - 0.50 Bn. Infrastructure dev.cost of Welikada land - 0.16 Bn. Gap Financing - 3.39 Bn Land Value - 10.9 Bn. Construction cost of “Stage 2” - 15.4 Bn. Land Value Millewa - 1.5 Bn. Infrastructure dev.cost of Welikada land - 0.12 Bn. Gap Financing - 6.15 Bn. Land Value - - 7.70 Bn. Construction cost of “Stage 3” - 11.30 Bn. Land Value Millewa - 1.05 Bn . Infrastructure dev.cost of Welikada land - 0.24 Bn. Gap Financing - 4.81 Bn. Lease Premium (30 yrs ) - 2.80 Bn. Refurbishment cost - 2.74 Bn. Land Value of “lot 5” - 1.28 Bn. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division

5. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division Time Frame

6. Assumptions for Cash F low Land values as provided by the Internal Valuation Committee. Construction costs, and Refurbishment Costs as per the design estimations. Construction cost allocated within 2 years’ period in each stages. (5% in 1 st Quarter, 10% in 2 nd Quarter, 15% in 3 rd to 7 th Quarters and 10% in 8 th quarter respectively) Infrastructure development costs as per the cost estimations. Acquisition cost of Millewa land calculated as follows; Workers compulsory retired package as per the internal records. Relocation cost as per the cost estimations. Road acquisition cost as per the cost estimations. It is assuming that, Construction cost includes contingencies, Project Management Costs, Developers profits, Taxes, Cost of Finance, Professional Fees etc. Construction cost includes the infrastructure services improvement cost inside the premises. Existing Operation income and expenditure of the Millewa watta as per the UDA internal records. Valuation fee is assumed to be 0.05% from market value of the land. Rental rates as per the Internal Valuation Committee and outgoings considered as 20% from the Gross Annual Rental. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division

7. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division

8. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division Contd.

9. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division

10. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division Contd.

11. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division

12. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division Contd.

13. B U S I N E S S M O D E L for Welikada Prison Relocation Project Real Estate Management & Development Division Gap Financing