In the new SHA, the estimated project cost of ESCAPE Sri Lanka is now at US$2 million ($2.7 million) from US$4 million previously.
Sim Leisure Group has entered into an addendum to the shareholders’ agreement with Elpitiya Plantations and Escape Sri Lanka, the joint venture (JV), to amend certain terms on Dec 23.
In the original SHA, Elpitiya will sublease a plot of land to Venture Valley. The latter will construct and operate ESCAPE Sri Lanka with Sim Leisure’s expertise.
