Sri Lanka to develop Galle Yacht marina by 'Swiss challenge'
Feb 11, 2017 07:12 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka will use the 'Swiss Challenge' method to identify a developer for a yacht marina in the Southern port of Galle.
The Cabinet of Ministers had approved a proposal by Ports Minister Arjuna Ranatugna to find a investor to develop a Yacht marina in Galle by Swiss Challenge, the state information office said.
The Swiss challenge involves giving other parties a chance to better an proposal made by an unsolicited investor.
Galle port is already a popular port of call for ocean going yachts.
However Sri Lanka itself does not have a significant fleet of yachts, or marina or a culture of owning and using yachts despite being surrounded by the sea. (Colombo/Feb11/2017)