MCC ALTIF: Accessing Land for Tourism Investment Activity

The Access Land for Tourism Investment Facilitation Activity (ALTIF) will address the land access and investment facilitation issues to help the country grow its tourism sector.

The ALTIF Activity seeks to achieve this objective by building government capacity to identify investable land and facilitate investment in the sector.

The sub-activities are: (a) To identify registered land parcels that have a high potential to attract outside tourism investment to Solomon Islands and to support the process by which an investor obtains access to that land via a long-term lease and establishes Social License to operate with the neighboring community.

Grant funding shall support: (i) identifying land with high potential for tourism investment by employing a tourism investment viability screening process; (ii) educating and supporting investors and communities on Social License issues; (iii) facilitating and assisting investors, landowners, and communities to establish and maintain Social License; and (iv) as needed, assisting communities to formalize rights to land near targeted investment sites. (b) Increasing Tourism Investment through Investment Facilitation: The objective of the Investment Facilitation Sub-Activity is simplifying the investment process to facilitate tourism investment through InvestSolomons.

This approach shall provide investors definitive information about land parcels available for tourism investment and assistance in navigating the investment process.

InvestSolomons shall facilitate and coordinate the completion of all Government tasks and decisions required for the investor to realize the investment in a timely manner. (c) Facilitated Governance Reform: The objective of the ALTIF FGR is to provide a governance structure for the ALTIF Project that facilitates building capabilities and implementing the reforms that are identified by the Land Sub-Activity and Investment Facilitation Sub-Activity.