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
Publication title
Raigam: Providing Much-Needed Salt Or Leaving A Sour Taste
Date
2015-03-23
Comment on data source
Report on land conflicts and violations of the Raigam saltern

Data source #2

Data source type
Media report
File
Publication title
Raigam opens largest saltern in Trincomalee
Date
2011-09-11
Comment on data source
Report on investment plans by Raigam to open saltern in Trincomalee

Data source #3

Data source type
Company sources
File
Date
2015-03-23
Comment on data source
Information about Raigam Wayamba Salterns PLC

Data source #4

Data source type
Company sources
File
Comment on data source
Information about Raigam subsidiaries

Data source #5

Data source type
Research Paper / Policy Report
File
Date
2016-01-01
Comment on data source
Case studies of land grabbing in Sri Lanka

Data source #6

Data source type
Media report
File
Publication title
Raigam Salterns proposes Rs.536mn rights issue to acquire related company
Date
2016-08-18
Comment on data source
Report on the intention of Raigam Wayamba Salterns PLC to acquire a similar business currently owned by its parent

Consultation of local community

Community consultation
Not consulted
Comment on consultation of local community
Environment Impact Assessment (EIA) report, which takes account comments from the public for 30 days, was not conducted. Raigam failed to obtain the Department of Forest Conservation (DFC) approval.

Negative impacts for local communities

Negative impacts for local communities
Environmental degradation
Socio-economic
Comment on negative impacts for local communities
Around 1,500 to 2,000 Tamil and Muslim fishermen in Kuchcheveli have been deprived of their livelihood. The prawn farming business of the fishermen have now come to a complete standstill. The area also lost the attraction of migrant birds to the area due to the removal of marshes in order to form salt beds.

Former land use

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

Former land cover

Former land cover
Wetland
Comment on former land cover
Mangroves, salt marshes

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

July 25, 2020, 12:26 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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