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Southasia - - BRIEFINGS -

Thecity of Kandy will get its first mixed-de­vel­op­ment project by 2016 in the form of a US$ 24 mil­lion res­i­den­tial apart­ment com­plex along with a US$ 36 to 40 mil­lion 21- storey ho­tel. The project is the vi­sion of a US- based Sri Lankan in­vestor. Given the Sri Lankan govern­ment’s tar­get of achiev­ing 2.5 mil­lion ar­rivals by 2016, there is need for lux­ury ho­tel rooms in Kandy, which is one of the main tourism spots in Sri Lanka.

The com­plex would have 40 ser­vice apart­ments and a fur­ther 70 rooms along with a con­fer­ence room and an in­ter­na­tional spa. Kandy­born Mo­han Chan­dra Mo­han, one of the in­vestors of the project, is among the rich­est busi­ness­men in the U. S.

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