Sri Lanka to build new 'tourist city' north of capital Sri Lanka will build a new 'tourist city' in the Western coastal city of Katana north of the capital Colombo, which may draw 1.5 billion US dollars in foreign investments in its first phase.
The development will have four 5-star hotels with 2,300 rooms, an exhibition and convention centre and two shopping malls and be sited on a 80 hectare block of state land. A firm called Asian Resorts & Consortium has been given approval by the cabinet of ministers to conduct a feasibility study.
Information minister Keheliya Rambukwella said it was probably a foreign firm, but exact details were not available with him at the time.
Sri Lanka's tourism development authority has also offered a series of islands off the Western coastal city of Puttalam for private investment. Land has also been offered in the east coast in Kuchchaveli.
Information minister Keheliya Rambukwella said it was probably a foreign firm, but exact details were not available with him at the time.
