Malaysian company mulling Rs. 4,500 crore tourism project in Mangalore

Karnataka Tourism Department’s eco-tourism wing Jungle Lodges and Resorts planned to build seven more resorts in the State, Tourism Minister G. Janardhana Reddy said on Thursday.

The new resorts would come up in the next two years and involved an investment of Rs. 30 crore, he told reporters after inaugurating the new office of the Jungle Lodges and Resorts here.

The Centre had sanctioned Rs. 24 crore for the project and the State would bear the remaining cost, Reddy said.

The State has received an overwhelming response to the Acqua Marine Park it proposed to set up at Mangalore for which Request for Proposal (RFP) was floated recently.

He said a Malaysia-based company had come forward to invest over Rs. 4,500 crore to set up an integrated Tourism Project in and around Mangalore on the lines of Singapore under the Public Private Partnership (PPP) model.

The department has asked the firm to present a detailed project report, he said.

From THE HINDU

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