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Tilko Jaffna City Hotel and BOI sign deal
for Rs 80m project

The Board of Investment of Sri Lanka granted investment approval for Tilko Jaffna City Hotels (Private) Limited to set up a modern tourist hotel in the heart of Jaffna town.

Chairman/director-general Dhammika Perera signed the agreement on behalf of the BOI and formally presented the BOI certificate of registration to company managing director Thavarajah Thilagaraj.

The project, carried out under the Accelerated Development Programme for the Northern Province, has an initial investment of Rs 80 million.

The company will establish a modern hotel offering a comfortable stay for guests.

The hotel will consist of 33 guest rooms and two cottages to accommodate group tourists.

It will offer facilities such as restaurant, gymnasium, and conference facilities.

The hotel is established in a 340-perch land with an overview of the lagoon and the beach.

Thilagaraj said the area lacked hotels offering proper facilities to tourist.

He said the luxury hotel would target the business community, tourists and expatriates.

The company has already commenced construction of the hotel and expects to start commercial operations in February 2010.

"There is so much investment potential in the area and investor confidence must further be enhanced," said Thilagaraj.

The investor, also engaged in other development projects in the Northern and Eastern provinces, commended the BOI stating that it offered an excellent service.

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