Amusement Park and
Mixed Development Project

Meethotamulla-Kolonnawa

Kolonnawa

LOCATION

37 Acres

Land Extent

USD 80 Mn

Minimum Investment

Project Overview

Located within commercial city limits of Colombo, the property is proposed for an urban recreational park and three mixed development projects. Primary focus would be to manage environmental hazards through leachate and gas management, minimize the geo-technical risk involved in the waste mound, create attractive recreational spaces from 10 -15 acres of land, optimize site connectivity, implementation of the recreational park and mixed development.

The project value is estimated at USD 80Mn

The project is expected to commence in 2022

Main access would be from Orugodawatta to the Ambathale Road and is in close proximity to the port, educational institutes, cultural landmarks, financial centers and major transportation facilities.

Readily available water, electricity, sewer and wastewater lines etc

Project/Ownership Structure

Project company can facilitate potential partnerships with interested parties locally and internationally and it is offered on a 30 to 50-year lease  

 

Project incentives:

Government Tax Concessions
Speedy approval process with the assistance of the UDA
Readily available basic infrastructure to the site
Government assured land tenure security

Geographical Location: Located within the city limits of Colombo, its conveniently located in close proximity to all logistic centers and main highway.