Kuchchaweli Beach Resort

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