Government of Sri Lanka will lease out around 5,500 acres spread across 12 islands, to potential investors who want to invest in setting up hotels and resorts in the country. The 12 islands are located in Kalpitiya area of Western Sri Lanka, close to the capital city, Colombo.
According to Dr Nalaka Godahewa, Chairman, Sri Lanka Tourism, the tendering process for leasing out identified lands in these 12 islands will begin within a month’s time. The lease period will be for 35 years and further enhancement will be considered depending on the volume of investment that comes in.
Godahewa mentioned that Sri Lanka Tourism is in the process of identifying more locations for developing tourism infrastructure, including hotels, resorts, convention centres, entertainment centres, marinas, etc. in the island nation. He informed that interests of investors will be fully protected in Sri Lanka. “We can think of separate tax holidays for investments amounting to more than USD 500, 000,” added Godahewa. |