Archive · 7 Oct 2026
RPP Infra Projects Exits Sri Lanka’s Legend 96 Project
RPP Infra Projects was involved in a housing project called Legend 96 in Sri Lanka.
The company has decided to leave the project.
It said approvals were taking too long and arranging money was difficult.
There was also disagreement about whether the land could be used as security for financing.
The company said these problems meant continuing was no longer commercially feasible.
RPP Infra Projects has decided to withdraw from the Legend 96 residential project.
The project is located in Sri Lanka.
The company cited delays in obtaining approvals and difficulties arranging financing.
It also cited differences over using project land as security.
RPP Infra Projects said continuing the project was no longer commercially feasible.
- Who
- RPP Infra Projects
- What
- Decided to withdraw from the Legend 96 residential project.
- Where
- Sri Lanka
- Why
- Delays in securing approvals, difficulties arranging financing, and differences over using project land as security made continuation commercially infeasible.
- Company
- RPP Infra Projects
- Project
- Legend 96 residential project
- Location
- Sri Lanka
- Decision
- Withdrawal from the project
- Cited hurdles
- Approval delays, financing difficulties, and differences over using project land as security
- Company's assessment
- Continuing the project was no longer commercially feasible