15 Story Star Class Hotel in Jaffna as Sri Lanka's Northern Province Develops Rapidly. The Hotel Yarl Jetwing is a Joint Venture between Mercantile Merchant Bank Ltd and Jetwing Group

03rd February 2012, www.dailynews.lk

The rapidly developing Northern Province following the defeat of terrorism has become a springboard for local and foreign investors seeking investment opportunities in Sri Lanka. Construction of a 70-room, 15 storeyed star class hotel in the heart of Jaffna will be launched tomorrow.

Mercantile Merchant Bank Ltd, and the Jetwing Group through an equally-owned joint venture will invest Rs. 700 million on this hotel project.

The hotel Yarl Jetwing will be constructed near the Old Clock Tower Road, in Jaffna.Designed by Design Group 5, the hotel will have a roof top swimming pool and a Presidential Suite and the construction work is to be completed within 18 months.

The location of the hotel will be adjacent to the Rs. 500 million new shopping and entertainment complex being built by Cargills (Ceylon) Plc. Courtesy-news.lk

India Sri Lanka Sign Deal to Develop Kankesanturai Port in the Northern Jaffna Peninsula that was Damaged during the War

22nd July 2011, www.island.lk

India is to provide Sri Lanka with grants and soft loans to rebuild Kankesanturai port in the northern Jaffna peninsula that was damaged during the ethnic war, under a deal signed Thursday.

India has already committed 20 million US dollars for the work which involves a hydrographic survey, wreck removal and dredging, along with rehabilitation of the breakwater and construction of a new pier and attendant port facilities, a High Commission statement said.

The agreement signed is part of the package of assistance India promised among other infrastructure projects in the Northern Province.

Indian High Commissioner Ashok K Kantha said the project would contribute towards reconstruction efforts, restore traditional domestic and regional linkages and give a fillip to economic activity by encouraging trade and generate employment.

Total expenditure on the project will be determined by the ‘Detailed Project Report’ (DPR) that is to be prepared.

But India has already committed about 20 million dollars (2.2 billion rupees) for the preliminary hydrographic survey, geotechnical investigations and DPR preparation and wreck removal and salvage.

"In addition to this, the Government of India will provide additional grant funding for the dredging of the harbour and concessional credit for the rehabilitation of the breakwater and construction of a new pier and attendant port facilities," the statement said.

Related Info :

• Sri Lanka to Develop Northern Kankesanturai Port with Indian Aid

• Cement Plant North of Sri Lanka to be Rebuilt; Expression of Interest from Investors Called by the Ministry

• Jaffna Fort Turns into a Tourist Attraction. Sri Lanka's Colonial Era Fort was Fought over during the recent War

Airports Authority of India to Build an Airport in Palaly, Jaffna, Sri Lanka

11th August 2010, business.rediff.com

The Airports Authority of India plans to build an airport in Sri Lanka, which could be its first foray into the international market in about 30 years.
The state-owned operator had earlier built airports in Libya and Yemen.

"We are looking at bidding for an airport at Palaly in Sri Lanka. We have recently done the feasibility study for the airport," said AAI chairman V P Agarwal.

The airport is near the city of Jaffna and upgrading the airport will include building a runway and the terminal building and the project would be worth Rs 400-500 crore (Rs 4-5 billion).

AAI has been developing 35 non-metro airports across the country at a cost of around Rs 12,000 crore (Rs 120 billion).

The authority is also taking up the city-side development of Kolkata, Visakhapatnam, Bhubaneswar, Lucknow, Indore, Ahmedabad, Amritsar, Guwahati and Jaipur airports through public-private partnerships.

During 2008-09, AAI had invested Rs 2,547.5 crore (Rs 25.47 billion) on modernising airport terminals, passenger facilities and air traffic and navigational aids -- the highest capital expenditure incurred by it so far.

Sri Lanka on Google Maps - Areas of Development Activities, Cultural, Religious and Leisure

Adamas Peak : Religious/Cultural

Anuradhapura : Religious/Cultural/Leisure

Arugam Bay : Leisure (Surfing)

Batticaloa : Investment/Leisure (Beach)

Colombo : Investment / Commerce

Galle : Cultural/Leisure (Beach)

Hambantota Magampura Port (Harbour) : Investment












Hikkaduwa : Leisure (Beach)

Jaffna : Religious/Cultural/Investment/Leisure

Kalpitiya : Investment/Leisure (Sea)














Kandy : Religious/Cultural/Leisure/Investment

Kataragama : Religious/Leisure

Kumana - Yala East National Park : Leisure (Wildlife)

Maankulam : Investment

Mannar : Investment/Leisure

Mattala (New Airport) : Investment

Negombo : Leisure (Beach)

Nilaveli : Leisure (Beach)












Norochcholai : Investment/Energy

Nuwara Eliya : Leisure

Pasikuda and kalkuda : Investment/Leisure (Beach)

Polonnaruwa : Religious/Cultural/Leisure

Pulmoddai : Investment

Sigiriya : Cultural/Leisure










Sinharaja Forest Reserve : Nature

Trincomalee : Investment/Leisure (Beach)

Wilpattu National Park : Leisure (Wildlife)

Yala National Park : Leisure (Wildlife)

See Also:
• Sri Lanka Links
• Map of Sri Lanka