A multi-billion rupee project to reclaim part of the sea off the Mount Lavinia area for mixed development projects including tourist-related facilities is to be awarded to a company from the Netherlands, a senior Government official said yesterday.
260 hectares (642 acres) would be reclaimed by pumping in sea sand to the area. The project is estimated to cost US$ 280 million (Rs. 36.4 billion).
Dutch investors had met President Mahinda Rajapaksa and officials of the Defence and Urban Development Ministry, the Finance Ministry and the Central Bank to initiate the project which is expected get underway later this year. The feasibility study for the project has already been completed.
Meanwhile , Coast Conservation Department has been directed to replace the boulders in the coastal area with sand pumped from the sea. The President had directed that sand should be pumped from the sea as the new sandy beaches thus created would benefit the tourist industry.