The Sri Lanka Sunday Times reports that the country’s first large scale tourism zone, in the Katana area, just adjacent to Colombo’s Bandaranaike International Airport, has been proposed with an agreement signed between the Board of Investment of Sri Lanka (BOI) and Katana City Developments (Pvt) Ltd.
- The investment is over $3 billion.
- The airport will be connected to the Katana City by a Monorail which will also be built by the developers,
- The project includes hotels, attractions, retail, parks and extensive entertainment – with all components integrated into a world class master plan and enabled for success with suitable operating permits, tax benefits and transport connectivity.
- BOI’s Chairman/Director General, M M C Ferdinando noted that “Katana City will deliver an exciting tourism offering for high volume arrivals, and the result will be a major step up in job creation (estimated to be over 10,000 when fully developed), tax revenue and tourist arrivals for this vitally important sector”.
- Consortium led by Asian Resorts & Casinos Singapore (ARC), a specialist large scale tourism project developer.
- Katana City’s Director, Prashanth Koorapati said the project puts Sri Lanka’s tourism offer on par with Singapore and others in this region.
- 200 acres site close to the airport, over 2,500 hotel rooms, shopping centres, leisure and commercial elements.