Sri Lanka’s BOI inks $ 4.5 million deal to unveil first cable car experience in Ambuluwawa
Daily FT: The Board of Investment (BOI) announced that an agreement was signed with Amber Adventure for $ 4.5 million for Sri Lanka’s first cable car experience at Ambuluwawa.
The BOI also said the agreement is in collaboration with the Ambuluwawa Biodiversity Centre. The project will be constructed with technical and product expertise from the China Machine-Building International Corporation.
The total length of the cable car rides is 1.5 kilometers and three stations will provide the exit and entry facilities. The cable car pathway is designed through the biodiversity center forest range.
The company will provide total integrated solutions for cable cars including 8 and 6-seat closed, weatherproof, panoramic, window opening style with automatic door opening and closing function facilities. Further, it has a large volume of transportation capacity of about 400 people per hour.
Ambuluwawa is a biodiversity complex and Sri Lanka’s first multi-religious sanctuary situated in the central highlands of the country.
OSL take:
The overall expansion in Sri Lanka’s economy, especially in the tourism industry has opened up many business/investment opportunities in the industry. The steady growth in tourist arrivals to the country and the promotion of new tourism concepts have resulted in the need to upgrade and develop infrastructure facilities and supplementary infrastructure facilities required to meet the growing demand. It is the growth and business potential in Sri Lanka’s tourism industry that has attracted foreign businesses/investors to explore and invest in development projects that could further promote the industry. With Sri Lanka on the path of becoming a key tourist destination in the region and an emerging business hub in the South Asian region, foreign businesses/investors could confidently explore the expanding business/investment opportunities in the country. Foreign businesses could also look at forming partnerships or joint ventures with local businesses engaged in the tourism industry with the aim of further expansion.
| Article Code : | VBS/AT/20231205/Z_2 |