Urban Development
Nuwara Eliya Race-Course Land
Nuwara Eliya
LOCATION
85 Acres
Land Extent
USD 40 Mn
Minimum Investment
Project Overview
The Race Course Development Project has been identified as a key development project, under the Nuwara Eliya Development Plan. Situated within city limits of the Nuwara Eliya town, its the centre of all town activities and conveniences.
The estimated investment value is USD 40 Mn.
The project is expected to commence in 2022.
Further attributes of this property would include;
- The property is located close proximity to educational facilities, cultural landmarks, financial centers, and major transportation facilities.
- Availability of water, electricity, sewer and wastewater lines, etc
Project/ownership structure
Project/Ownership Structure: 30 Year Lease/ JV*/ PPP**
* Joint Venture
** Private-Public Partnership
Incentives
Location
Incentives
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
Location
Geographical Location: Centrally located within Colombo and with easy access to all essential amenities.