The Sri Lanka Tourism Development Authority (SLTDA) reveals that it is looking for investors interested in making sustainable tourism investments in the 1,800 hectares vested with the authority under the Dedduwa Lake Resort project.
Speaking to The Sunday Morning Business, SLTDA Chairman Buddhika Hewawasam revealed that an area of 1,800 hectares around the Dedduwa Lake had been vested with the SLTDA for the project, which involves allocating the land to suitable investors to establish resorts on the land.
He further stated: “Out of 1,800 hectares, more than 1,000 hectares are marshy land and water. We intend to hand over about 600-700 hectares to projects that will engage in multifaceted development whilst conserving the surrounding environment.
“We are looking at community-based tourism projects or similar projects that will gel with the environment there. We have to go ahead with projects that will not damage the environment.”
Hewawasam revealed that a few potential investors had expressed their interest in investing in the Dedduwa Lake Resort project. However, he admitted that there was nothing concrete yet.
“We are inviting proposals to our Investor Relations Unit (IRU). The opportunity to bid for the project is open to anyone who might be interested. At present, we are evaluating the possibilities and there will be an open bidding process commencing in the future as well,” he stated.
He further revealed that previously, an Expression of Interest (EOI) process had been carried out by the SLTDA. However, he noted that there was some preparatory work that must be carried out before the commencement of a new EOI process.
“The boundaries of this 1,800-hectare land have not been demarcated and there are certain areas where people have encroached upon the land. Therefore, there is a parallel process to resolve these issues while we proceed with other matters.
“The land has been properly vested with the SLTDA. An initial Environmental Impact Assessment was carried out, but there are further processes that need to be carried out as well,” he stated.
He further noted that in approving projects, ensuring sustainability would be a priority.
“We are currently evaluating a few alternative options such as community-based tourism projects, sustainable resorts, and other plans. Therefore, if there are parties willing to invest, they are welcome to express their interest. They can inquire from us regarding further details,” Hewawasam said.