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Sri Lanka leisure group to revive coral reef

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CSE.SAS

CSE.SAS
Global Moderator

Sri Lanka's John Keells group has tied up with a local university in a project to revive a coral reef that is the main draw on a southern beach where it will reopen a refurbished hotel.

Chitral Jayatilake, head of eco tourism and special projects at John Keells Holdings, said the project with the faculty of oceanography of the Ruhunu University aims to revive coral growth at Hikkaduwa, which is famous for its reef.

JKH has refurbished and expanded the former Coral Gardens Hotel and rebranded it as the Chaaya Tranz Hikkaduwa which is to be re-opened in November in time for the winter tourist season.

Chaaya Tranz Hikkaduwa was revamped and expanded to 150 rooms with a total investment of 1.2 billion rupees with the JKH group aiming to make it a base for whale watching in Mirissa, further down the south coast.

JKH also plans to raise room rates at Chaaya Tranz to around 200 US dollars. The average room rate at the 60-roomed former Coral Gardens Hotel was around 60 dollars.

Hikkaduwa's main attraction is the coral reef which has been badly damaged and much-reduced owing to pollution as well as natural causes.

"Hikkaduwa's once spectacular coral reef has been battered over the years," Jayatilake said. "Now Chaaya Tranz plans to launch a project with the Ruhunu University to ensure that the reef is sustainable - to recreate live corals."

Children will also be invited to take part in the coral re-growth programme starting in December.

The JKH group also plans to reopen another hotel close to the Yala wild life park in the south along with Chaaya Tranz.

The group spent about 15.5 million US dollars in revamping the Chaaya Tranz Hikkaduwa beach hotel and the Chaaya Wild Yala game lodge.

http://lbo.lk/fullstory.php?nid=476996530

poshkid


Equity Analytic
Equity Analytic

KHL in action... I hope these steps will enhance the value of the company... a..k.a. the share Very Happy

Investor99


Manager - Equity Analytics
Manager - Equity Analytics

Many of the corals reefs of Hikkaduwa were destroyed long time ago. Corals are marine organisms and do not grow over night and it takes years to grow with a lot of dedication. SL needs laws to conserve and protect the coral reefs. For example in Malaysia fishing is prohibited in a buffer zone around the coral reefs. Countries like Maldives, Seychelles, Mauritius, Malaysia, Australia etc has some of the best coral reefs and diving sites in the world.

poshkid


Equity Analytic
Equity Analytic

Investor99 wrote:Many of the corals reefs of Hikkaduwa were destroyed long time ago. Corals are marine organisms and do not grow over night and it takes years to grow with a lot of dedication. SL needs laws to conserve and protect the coral reefs. For example in Malaysia fishing is prohibited in a buffer zone around the coral reefs. Countries like Maldives, Seychelles, Mauritius, Malaysia, Australia etc has some of the best coral reefs and diving sites in the world.


Its too bad that our very intelligent politicians cannot understand this.

They only care about themselves; not the country... I hope they all go to hell and suffer for all the bad deeds they have done to this country... Twisted Evil Twisted Evil

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