Monday, August 26, 2019

Fantasy Island-first phase begins with USD 4.2 mn investment

Minister of Megapolis and Western Development, Patali Champika Ranawaka along with Chairman Waters Edge Chamath De Silva, Director for the Melchers Group in Singapore Alexander Melchers and other representatives in Colombo at the press conference. Picture by Sulochana Gamage

Sri Lanka’s largest International Theme Park, ‘Fantasy Island’ was flagged off last Friday at Water’s Edge with an estimated investment of USD 4.2 million in the first phase. The theme park which would in December 2020.

Sri Lanka’s largest Ferris Wheel, will soon make its first spin as a part of the 1.5 acre entertainment zone. ‘Fantasy Island’ will houses a large water park and an impressive snow cave.

Minister of Megapolis and Western Development, Patali Champika Ranawaka, who was the Chief Guest at the ground breaking ceremony of the ‘Fantasy Island’ said that this theme park is part of the Megapolis Development Plan to establish world-class recreational and entertainment facilities in close vicinity to Colombo.

Fantasy Island is 100% funded by German, Singaporean and Swiss investors with the enduring support of the BOI, Sri Lanka. “We are happy to benefit from the excellent relations between Sri Lanka and Singapore”, says Alexander Melchers, Director for the Melchers Group in Singapore.

Fantasy Island (Private) Limited is conceived and backed by the German Melchers Group out of Singapore. Melchers Group, through their Sri Lankan Branch CMC Engineering, have been active in Sri Lanka for over 35 years.

‘Fantasy Island’ expects to attract 1,000 visitors per day, as an integral part of the country’s dynamic drive to boost tourism earnings from around South East Asia with special focus on providing new world entertainment and adventure activities for children, youth and families.

“We have also Transformed Waters Edge to be the largest entertainment and recreational hub in Colombo, everything was developed according to a plan,” said Chairman Waters Edge Chamath De Silva.

The proposed Ferris Wheel, referred to as an Iconic Viewing Platform by industry experts, standing at 40 meters high (approximate the height of a 14-storey building) would consist of 34 capsules and can accommodate over 200 people at any given time, whilst each ride will last 20 minutes.

The construction would also have special built-in capsules for the differently-abled.

“We are committed to investing in the park through new attractions, infrastructure & services,” said Michael Perera, Chairman of CMC Engineering Export, the Sri Lankan office of the Melchers Group.

“ The park which combines local expertise with international entertainment experience from projects such as Singapore Flyer and Sky Tower in its development and operations, would also create over 60 employment and career development opportunities for the community,” Perera added.

, ‘Fantasy Island’ would be managed Fantasy Island (Private) Ltd and supported by Waters Edge through a long-term private partnership.

 

 

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