Tilko gets BOI approval

The Board of Investment of Sri Lanka granted investment approval for Tilko Jaffna City Hotels (Private) Limited to establish a modern tourist hotel in the heart of Jaffna Town. Dhammika Perera, Chairman/Director General signed the agreement on behalf of the BOI formally presented the BOI Certificate of Registration to Thavarajah Thilagaraj, Managing Director of the Company.

The project carried out under the Accelerated Development Programme for the Northern Province is for 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 2 Cottages to accommodate group tourist.

The hotel will offer facilities such as restaurant, gymnasium, and conference facilities.

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

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

Thilagaraj described the hotel as a Luxury Hotel targeting business community, tourists and expatriates.

The company has already commenced construction of the hotel and expects to commence 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 on the BOI stating that it offered an excellent service. Thavarajah Thilagaraj, Managing Director of the Company signed the agreement on behalf Tilko Jaffna City Hotels (Private) Limited.