The Tourist Board acquires land to tempt foreign businessman to invest.

The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling. The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling.

The ‘Land Bank’ project mooted last year has identified possible tourism development spots around the island, collecting it in a bank for potential investors.

“The Government has started acquiring the land we had identified so that we can offer it to investors,” Tourism Ministry Secretary, Dr. Prathap Ramunujam said.

“Already, about 1000 acres in Dedduwa has just been taken over and 2000 acres in Kalpitiya is currently being surveyed.”

About 100 acres of state land on the on the East coast, famed for its beaches, with some land in Puttalam and even in Chilaw in the Bank.

But the much sought after beach front in South Sri Lanka is almost all gone, with existing tourist hotels and resorts already on the best bits.

“The beach property that is left down south is not available in large extents, and in some cases, part of it cannot also be