29 July 2011

Tourist City to be Set up in Katana, North of Sri Lanka's Capital Colombo

07th July 2011, www.lankabusinessonline.com, By Jayantha Kovilagodage

Sri Lanka will build a new 'tourist city' in the Western coastal city of Katana north of the capital Colombo, which may draw 1.5 billion US dollars in foreign investments in its first phase alone, a government minister said.

The development will have four 5-star hotels with 2,300 rooms, an exhibition and convention centre and two shopping malls and be sited on a 80 hectare block of state land.

A firm called Asian Resorts & Consortium has been given approval by the cabinet of ministers to conduct a feasibility study.

Information minister Keheliya Rambukwella said it was probably a foreign firm, but exact details were not available with him at the time.

Sri Lanka's tourism development authority has also offered a series of islands off the Western coastal city of Puttalam for private investment. Land has also been offered in the east coast in Kuchchaveli.

Related Info :

Sri Lanka Tourism Revenue up by 51pct in the First Half of 2011

Eastern Sri Lanka Tourism Takes Off with 1,000 Star Class Rooms in Pasikuda

More Convention Centres for MICE Business Tourism in Sri Lanka

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