Rs. 100 million hotel project in Batticaloa

The Board of Investment of Sri Lanka granted investment approval to establish a hotel in Kallady, Batticaloa under the Eastern Development Project.

Dr Amunugama stated that Liyara Beach Resort is a pioneer project in developing the Eastern Province and the BOI will assist such development projects.

The Minister emphasised the fact that more development projects should be carried out in the Eastern Province and said that in the future this will be an important area to promote tourism.

The Minister also thanked the BOI Chairman for encouraging development project in the Eastern Province, which is an area that has considerable potential in tourism, agriculture, fisheries and other sectors. Liyara Beach Hotel (Private) Limited signed the agreement to set up a thirty roomed three star hotel in Kallady.

“The Tourist Board approved hotel is constructed with the objective of promoting tourism in the eastern province” stated K. Luxshman, Director of Liyara Beach Hotel. The venture is an investment of Rs. 100 million and is expected to provide employment for 25 in the area.

The hotel having sea frontage will also consist of a swimming pool, gymnasium, herbal bath and tennis court for recreational activities. Construction of the hotel will commence in January 2009 and is expected to be completed within one year.

K. Luxshman and V S Luxshman signed the agreement on behalf of Liyara Beach Hotel.

Minister of Enterprise Development and Investment Promotion Dr Sarath Amunugama presented the BOI Certificate of Registrations to K. Luxshman. Chairman / Director General Dhammika Perera signed the agreement on behalf of the BoI.