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Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism Vote_lcap68%Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism Vote_rcap 68% [ 178 ]
Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism Vote_lcap18%Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism Vote_rcap 18% [ 47 ]
Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism Vote_lcap13%Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism Vote_rcap 13% [ 35 ]

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism

Sri Lanka offers islets, beaches, wetland on 99-year leases for tourism

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Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Aug 26, 2012 (LBO) - Sri Lanka's tourist development agency has offered islets, hundreds of acres of land bordering beaches, a wildlife reserve and a wetland on 99-year leases to build tourism related projects.

Eight islets in Kalpitiya off the western coast of Sri Lanka 150 kilometres north of the capital Colombo are being offered for development.
In Kuchchaveli in the eastern coast, 300 kilometres northeast of Colombo, 510 acres are being offered which the Sri Lanka Tourism Development Authority said was near Pigeon Island and Marble beach.

The site contains 17 separate blocks of thick scrub jungle with beach frontage, the SLTDA said in an advertisement in the state-run Sunday Observer newspaper.

In Passikuda in Batticaloa also in the East, 56 acres were being offered for public facilities such as a shopping complex, aquarium, children's park restaurant or food court.

In Dedduwa Lake, 67 kilometres south of Colombo, an eco tourism related project was invited in a project area of 1318.4 acres of marshy land and a water body of 415.7 acres.

The project could consist of water bungalows, floating rooms and restaurants, observation decks and opportunities for boating, fishing, birdwatching, water sports.

Land near the Yala National Part in the south of the country was also offered for wildlife tourism and safari trekking.
The SLTDA said selected proposals will be sent to a standing cabinet appointed reviewing committee for final decision by the cabinet of ministers.
http://www.lbo.lk/fullstory.php?nid=1513921377

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
What is the status of the above projects after 99 years lease period?
Will leases be renewable or act in the form of BOT (built, operate & transfer)

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