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FINANCIAL CHRONICLE™ » INVESTMENT OPPORTUNITIES

Kuchchaweli Beach Resort

Published the Mon Jul 05, 2021 1:59 pm

    Description :

    Project Name :
    Kuchchaweli Beach Resort at Trincomalee District
    Proposed Project Description :
    Concept of the proposed project is at least 10,000 rooms need to be built in the Eastern Province. Due of its outstanding marine and lagoon environment and also the availability of Government and land.
    Expected investment :
    LKR 16 Billion
    Expected method of partnership :
    Public Private Partnership, Foreign Direct Investments (FDI), Domestic private investment & Joint Venture arrangements.
    Employment generation :
    Create 14,000 employment opportunities
    Market potential :
    Tourism potential for eco-tourism, nature & culture trails, water-based activities, adventure sports, historical tours etc.
    Payback period :
    Period to commence commercial operation :
    N/A
    Current status of the project :
    Feasibility completed, approvals obtained from CEA. Approvals already obtained from relevant agencies. Already prepared a Master Plan.
    Common infrastructure and utility availability :
    Electricity and access roads available
    Geographical Location :
    Located in Trincomalee district along the North East coast
    Land Extend :
    368 Acres
    Estimated Land value :
    As per valuation department value
    Land Agreement/ownership :
    SLTDA-Long term lease & 50 years
    Benefits to the Investor :
    The project is aimed to generate Rs.16 bn investment. Rs.243 mn annual income.
    Contact details :
    (Name, Designation, Institute, Telephone, Email, Website)
    Dr. Prasad Jayasuriya
    Director of Tourism Planning, Development and IRU SLTDA, Sri Lanka Tourism Development Authority
    +94776226358
    prasadj@srilanka.travel

    Vendor details

    • PseudoSri Lanka Tourism
    • Vendor typeProfessional