Sri Lanka gets US2bn in tourism project proposals: minister

Jan 11, 2012 (LBO) – Sri Lanka has received 210 applications worth two billion dollars for new tourism projects in 2011 as the sector became a target for investors after the end of a 30-year war, a minister said. In 2012, the industry will add another 2,500 rooms, he said.

Deputy economic development minister Lakshman Yapa Abeywardene said four applications were rejected.

The value of the 106 applications that were approved or were being processed was 2,011 million US dollars he said.

The total does not include projects in Kalpitiya in the northwest and Pasikudah in the east coast he said.

He said the island’s current registered rooms were capable of accommodating about a million tourists and in 2011, 950,000 tourists were expected, up from 855,000 this year.