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‘Over 2,500 acres available for investment in Tourism’

The Sri Lankan Tourism Ministry has over 2,500 acres of land with clear title available for both local and foreign investors said State Minister of Tourism Promotion Arundika Fernando yesterday.

He said that these lands can be immediately dispersed for investors on a 30 year lease agreement by the Ministry approval. “However if an investor needs the land for a longer period of lease we can arrange Cabinet approval for it.”

However a proper project proposal should be present when requesting for land and eco-friendly and environmental and practices should be maintained.”

These lands are available at Kalpitiya, Dedduwa and Kuchaveli integrated Tourism Zones. In addition more land is available at different locations. He said assistance of provincial Governors too would be used to ensure speedy disposal of lands to investors.

The Minister said that a five year tourism development plan is in place approved by President Gotabaya Rajapaksa to woo 7 million tourists and US$ 10 million revenue. “We are working towards these targets.”

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