“Now it’s Rs 5 mln an acre for Kuchchaveli Investors”

With reference to the above article appearing in the Business Times of May 15, 2011, Vipula Wanigasekera, acting Director-General of the Sri Lanka Tourism Development Authority, said in a letter on Thursday: “The value of Rs 20 million per acre for Kuchchaveli land was officially determined by the Chief Valuer of the Department of Valuation for 99-year lease which was approved by the Cabinet of Ministers.

Tourism authorities have not received any instructions contrary to this as of now.”