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Signs agreements with Seashells Hotels, Blue
Continent:
BOI to strengthen tourism expansion
The Board of Investment has identified the tourism sector, to be a
major player in the economic development of the country.
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Chairman / Director General Jayampathi Bandaranayake
presents the BOI Certificates of Registration to Seashells
Hotels Directors Thilak De Soyza and Hiran Cooray. |
Major tourist attractions are focused around the island's beaches
located in the Southern and Eastern parts of the country, ancient
heritage sites located in the interior of the country and resorts
located in the mountainous regions of the country.
With the view of supporting the expansion of the Sri Lankan tourism
industry, the Board of Investment of Sri Lanka granted investment
approval to Seashells Hotels Limited for refurbishment and upgrading of
a hotel and Blue Continent for the establishment of a new resort.
Chairman/ Director General Jayampathi Bandaranayake signed the
agreement on behalf of the BOI and presented the BOI Certificates of
Registration to the investors.
The agreement signed with Seashells Hotels is for a project to
refurbish and upgrade the Seashells Hotel located at Kochchikade. The
project representing an investment of US $ 3.3 million will refurbish
and upgrade the hotel providing spa facilities, an additional pool and
conference facilities. With the new refurbishment operations the number
of rooms will be increased to 84 rooms. Refurbishment operations are
expected to be completed by November this year. Company Directors Thilak
De Soyza and Hiran Cooray signed the agreement on behalf of the company.
Blue Continent signed an agreement to establish a 150 roomed tourist
resort at Passikudah, Batticaloa. The venture sponsored by Maldivian
investors represents an investment of US $ 6 million.
The hotel will establish a 150 room tourist resort in a 15 acre land
and will commence operations by 2011 December.
On behalf of Blue Continent Saleema Mohamed signed the agreement. |
