Sri Lanka to get US$10.96mn Korean tourism grant
ECONOMYNEXT- Sri Lanka will receive a 10.96 million US dollar grant from Korea to develop the tourism industry in the island nation, the government information department said.
Korean Ambassador to Sri Lanka Heon Lee was quoted as saying the grant will be provided in 2020.
The statement said 5.6 million US dollars will be used to develop a community-friendly tourist village in Etanwala, in the Matale District.
The remaining 5.36 million US dollars will be allocated for the Kuchchaveli Tourism Zone.
The ambassador was quoted saying that many high-level Korean businessmen are willing to invest in Sri Lanka with improving security after President Gotabhaya Rajapaksa took office.
Lee was quoted saying that Korean tourists would like to return to Sri Lanka due to improved safety, although visitor numbers had fallen following the Easter Sunday attack.
Korean tourist arrivals to Sri Lanka fell 22.6 percent to 12,195 holidaymakers in 2019.
Tourism investments had come to a standstill following the Easter Sunday attack. (Colombo/Jan18/2020)
Economic Intelligence Unit of the Ceylon Chamber of Commerce
Jehan Perera - Executive Director National Peace Council