The Sri Lankan government may issue fresh bids for Kalpitiya Integrated Tourism Resort Project (KITRP) in the hope of attracting meaty investors, as they are ‘not too happy with those who have been chosen’ to develop 10 islands in Kalpitiya in the Puttalam District, according to government sources.
“There are about 11 investors who applied to invest around US$ 500 million to put up tourist resorts, golf courses, marinas, etc in this zone which was defined as a tourist zone by the Sri Lanka Tourism Authority, but the government is not happy with the bids which have mainly come from Indian parties,” one source told the Business Times.
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(Source: Sunday Times)
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