SLC’s stance on proposed International Cricket Stadium in Homagama

0

Media release by SLC 

SLC wishes to state that the renowned R. Premadasa International Cricket Stadium in
Khettarama has been obtained for a 30-year lease from Sugathadasa Sports Complex
Authority of Sri Lanka in 2006 and SLC is proud to say that a substantial amount of
Cricket has been played in the stadium annually and it is now designated as the HighPerformance Centre for Cricket with a view to raise the game to the next level
For a considerable period of time, Sri Lanka Cricket (SLC) has been on the watch and
was exploring possibilities in acquiring a suitable land closer to Colombo to build a
fully-fledged International Cricket stadium with a view to accommodating 40,000
spectators, as the need has arisen with the popularity of the game of Cricket and to
best suit the demands of the World Cricket.

In the meantime, the proposal was extended to SLC by the Government of Sri Lanka
allocating 26 Acre land in Homagama in order to build an international Cricket
stadium at SLC’s cost. In view of the diverse climate and bio conditions in the Country,
SLC has invested in International Level Cricket Stadiums around the country, which
is aimed at playing in different seasons in consideration of the respective weather
conditions.

SLC having discussed the Homagama International Cricket Stadium project, called
for an Expression of Interests from reputed Audit Firms in Sri Lanka to carry out a
feasibility study on the finances associated with the project along with repayments of
the capital expenditure to be staggered for a period of 15 years.

In view of the increasing demand for the game and especially due to the popularity of
the short formats of the game, the need has arisen to cater to large crowds with easy
access in an urban environment. It should also be noted that ICC has now afforded
the opportunity for member countries to express the Interest in staging the World Cup
series in the respective countries for which it is expected to have at least five
international level cricket stadiums in the country with a seating capacity of around
25,000 – 40,000.

It is undoubted that Cricketing events of such magnitude will bring massive foreign
currency inflow to the Country which is an essential fact in today’s economy
standpoint. Further, it is important to note that Sri Lanka Cricket has also expressed
interest in the ICC’s request to host two ICC World Cup events which are scheduled
to be held in the year 2023 to 2031.

Taking all aspects into consideration and after evaluating the completion of a
comprehensive study on the project’s operational aspect and its financial feasibility,
the Executive Committee of Sri Lanka Cricket will decide on how to proceed with
investing in this project as the sole investor.

It also should be noted that financial feasibility should assure the non-hindrance to
the operational and other development projects which are currently engaged by SLC
due to the commencement of the Homagama International Cricket Stadium project.
As such, this project will be an absolute and private investment of Sri Lanka Cricket
and no government funds will be utilized and/or will be sought at any stage of the
construction.