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Access Group signs Rs.3 bn agreement to promote golf tourism
Tuesday, 31 October 2006 - 5:06 AM SL Time
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Asia-Pacific Golf Course Limited has signed Rs.3 billion worth agreement with the Board of Investment (BOI)to construct apartment complex for foreign golf players,introduce a package tour and develop sports activities for the promotion of golf in Sri Lanka.
Access Group General Manager Athula Wimalaratne told The Island Financial Review that the investment project would encompass a fully-furnished apartment complex with required facilities such as restaurants,conference rooms,beauty saloon,banquet hall,gymnasium,health spa for the convenience of around 2,000 golf players and added that most of the members were foreigners.
Referring to the principal objectives of the Access Group,Wimalaratne outlined that the company`s target would involve in bringing Sri Lanka golf on par with international standard as many foreign professional golf players had become members of the golf club and added that the company had already prepared future projections promoting golf package tours,internal golf tournaments in order to attract more players.
He pointed out that the construction of the apartment complex would begin in 2007 and it would be completed in 2009 and these golf promotional activities would definitely enhance image of golf playing and added that it would have a major impact on the national economy as well.
Wimalaratne noted that as this investment was a joint venture local Access Group would invest 55 per cent and the other 45 per cent would be spent by West Foreign Collaboration and the Group had already completed the feasibility study to commence the construction work in due course and added that golf players from different countries would be interested in visiting Sri Lanka as all facilities that would be available in a matter of years.
He said that golf tourism could be money-spinner and the economic contribution it would make on the country`s economy would be substantial in term of foreign exchange accrual and added that Sri Lanka had been endowed with required infrastructure and facilities to become an international sports arena in golf.
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