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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