Deal #4638

Location #1

Spatial accuracy level
Administrative region
Location
Kuchchaveli, Sri Lanka

Target country
Sri Lanka

Land area

Size under contract (leased or purchased area, in ha)
[2015] 730

Intention of investment

Intention of investment
Tourism, Other (please specify)
Comment on intention of investment
Saltern and hotel

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
[2011] In operation (production)

Contract #1

Duration of the agreement (in years)
33

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
900

Operating company

Comment on investment chain
There are plans for the company Raigam Eastern Salt co. Ltd. To be bought or absorbed by its sister company Raigam Wayamba Salterns PLC.

 

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Data source #1

Data source type
Media report
File
Date
2015-03-23

Data source #2

Data source type
Media report
File
Date
2009-10-12

Data source #3

Data source type
Media report
File
Date
2011-09-11

Data source #4

Data source type
Company sources
File
Date
2015-03-23

Data source #5

Data source type
Company sources
File
Comment on data source
Accessed: 24.03.2015

Data source #6

Data source type
Research Paper / Policy Report
File
Date
2016-01-01

Data source #7

Data source type
Media report
File
Date
2016-08-18

How did the community react?

Comment on community reaction
A report criticizes that fishermen have lost their livelihood due to the saltern and that an Environmental Impact Assessment was not undertaken for the project.

Former land use

Former land use
Other
Comment on former land use
Fishing ground for small-scale local fishermen

Detailed crop, animal and mineral information

Resources area
Salt

Use of produce

Has domestic use
Yes

In country processing of produce

In country processing of produce
Yes

March 3, 2017, 2:18 p.m.

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March 24, 2015, 12:32 p.m.

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March 23, 2015, 3:20 p.m.

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