Tuesday, 27 August 2024 09:53

Investors eye Kuchchaveli land for tourism development Featured

The Sri Lanka Tourism Development Authority (SLTDA) owns 510 acres of land in Kuchchaveli, out of which 160 acres have been identified by 10 investors who anticipate to begin operations within the next two to three years.

SLTDA Tourism Planning, Development, and Investor Relations Director Dr. Prasad Jayasuriya said: “We want to develop Kuchchaveli as a beach resort. Moreover, we have already done the master plan for the resort development, including the surroundings and proposed activities.”

He pointed out that they have identified 10 investors for 160 acres, out of which six have already entered into lease agreements with SLTDA.According to the SLTDA, currently, only one hotel, The Uga Jungle Beach, is in operation.

Moreover, out of the six leased-out properties, four of the projects are in the approval process through the investor relations unit of SLTDA, as the projects need approval from a plethora of agencies.

 

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