The Government is reported to be negotiating an eighteen million US dollar concessionary loan with World Bank to be used in the Tourism sector.
It will be used to build technical capacity in the Tourism sector, review laws and develop infrastructure to meet the increasing demand caused by the increase in tourist arrivals.
4.8 million dollars out of the total amount would be utilized to prepare and implement business plans of Tourism Development Authority, upgrade technical capacity and to carry out existing laws in relation to tourism. 1.8 million dollars is expected to be used to improve Tourism infrastructure in the East.
Another 4.6 million dollars are earmarked to assist in creating a business model for sustaining tourism. The project hopes to engage local communities and include them in the implementation of the process.
Capacity in the Tourism sector will have to be increased as Sri Lanka would be co-hosting the next Cricket World Cup.
Wed, Mar 17, 2010
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