Jan 29, 2010 – (LBO) – Sri Lanka’s second hotel project by Hong Kong based Shangri-La group will be built in Hambantota in the south of the island, an official of the island’s investment promotion agency said. Board of Investment (BOI) director Duminda Ariyasinghe said the hotel will be built on private land which the firm is acquiring.
Shangi-La has also acquired state land bordering the capital’s main seafront on which it is proposing to build a hotel and shopping complex of around 500 million dollars.
Treasury secretary P B Jayasundera has said earlier that Shangri-La was planning a 150 room resort on the south coast of Sri Lanka.
Hambantota is president Mahinda Rajapaksa where industries are planned around a Chinese built port. The port has facilities for bunkering.
A large convention centre is also being built by the Chinese in Hambantota.