Cabinet approval has been granted to call for investment proposals to lease a 10-acre land plot near Gregory Lake in Nuwara Eliya for the development of a themed recreational park aimed at boosting tourism.
The land, which is owned by the Urban Development Authority, was identified for suitable development by a special committee appointed to locate underutilised state lands.
Under the proposal submitted by the Minister of Transport, Highways, and Urban Development, the land will be leased to an investor for a period of 50 years through an international competitive bidding process.
