BOI announces availability of land for suitable approved projects

By Samah Muhseen

The Board of Investment (BOI) announced this week the availability of land, owned by the agency and located outside the designated zones, to roll out the approved projects.

Suitable lands are available in Matara, Gampola, Chilaw, Hambantota, Sooriyawewa, Divulpitiya, Horana and Kandy, for diverse sectoral developments, the investment promotion agency said in a notice this week. 
The lands in Matara, Gampola and Chilaw are available for garments, while the lands in Sooriyawewa and Hambantota are recommended for educational, sports, IT and similar developments. The additional lands in Hambantota are designated for housing projects to support the Sooriyawewa investment zones.

The BOI has allocated the lands in Horana for leisure and health tourism, Divulpitiya for light industry and the lands in Kandy for garment manufacturing and other light industries.

The BOI pointed out that the government valuation land premium and nominal rental of the land shall be considered at the minimum value.

The land and building will be allocated based on the government’s chief valuer’s valuation for 30 years or higher values proposed in the bids.  

The interested investors are invited to submit their proposals for these areas. The guideline documents can be obtained from the BOI’s Technical Service Department or Invest Sri Lanka website. The selection process will be competitive, with applications due by 14:00 hrs on Monday, August 26, 2024.