Foundation laid for Rs 700 M hotel project in Jaffna

Prime Minister D.M Jayaratne and the Minister of Economic Development Basil Rajapaksa laid the foundation Stone for Jetwing Yarl hotel in Jaffna on Friday

The Rs 700 million project is a joint venture between Mercantile Merchant Bank Ltd, and the Jetwing Group. Jetwing Yarl hotel is to be constructed on a 46 perch land area on the Old Clock Tower Road, in Jaffna. The star class hotel will have 76 rooms, 14 storied, roof top swimming pool, Presidential Suite. According to the project estimation the construction work is to be completed within 18 months.

This hotel will create employment for youth in the area in addition to boosting income and business opportunities to the self-employed, micro enterprises and farmers.

Douglas Devananda, Minister of Traditional Industries and Small Enterprise Development, Major General G. A. Chandrasiri, Governor of the Northern Province, Mr. Milinda Moragoda, Mr. Ruwan Samarasinghe, Managing Director, Jetwing Hotels and Ms. Shiromal Cooray, Managing Director of Jetwing Travels (Pvt) Limited also participated on this occasion.

 

Source: Ministry of Defence