Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka to get Rs. 42.5 billion loan from Japan to expand Bandaranaike International Airport
Thu, Jan 3, 2013, 11:40 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 03, Colombo: Sri Lanka has signed a Rs. 42.5 billion loan agreement with Japan to expand the country's only international airport at Katunayake.

Airport and Aviation Services (Sri Lanka) Ltd. and Japan International Co-operation Agency (JICA) have signed the loan agreement for Japanese Yen 29 billion to finance the expansion of the Bandaranaike International Airport and future developments.

The cabinet has granted its approval for the project, which is expected to be completed by the end of 20 15, to proceed.

Under the Development Project Phase II Stage 2 work will be carried out to expand the terminal building, Aircraft Parking Apron, and Public Utilities.

The Cabinet has also granted approval for Minister of Civil Aviation Priyankara Jayaratne, to seek additional financial assistance from abroad for the Hambantota International Airport Development Project at Mattala.

Construction of Hambantota Airport Development Project is nearing completion. Both Cargo and Passenger Terminals have been expanded and facilities have been added to the Terminal and Airport Infrastructure, the government said.

The national carrier SriLankan Airlines has proposed to establish a Maintenance, Repair and Overhauling (MRO) facility at the Mattala airport to cater to the Asian Region, including the Indian Market

The government says the proposed improvements will increase employment opportunities for the local population and also stimulate economic development in the southern region.

ColomboPage - Recent 10 Stories
Sri Lanka Supreme Court approves amended VAT bill
-- [9 minutes ago]
Finance Minister receives proposals from trade unions for next budget
-- [6 hours ago]
Sri Lankan Minister Palitha Range Bandara's son arrested over fatal accident
-- [7 hours ago]
High-level Danish business delegation to visit Sri Lanka to explore investment opportunities
-- [8 hours ago]
New UNICEF Representative in Sri Lanka to work with government to deliver positive change for children
-- [9 hours ago]
COPE heated: Chairman walks out of meeting over controversial Treasury bond report
-- [9 hours ago]
India considering a proposal to relax visa rules for visiting Sri Lankan monks
CA Sri Lanka offering CPFA qualification for senior public servants
UN scales up support to Sri Lankan government's peacebuilding and development agendas
President to instruct Provincial Councils on spending their allocations based on priority of development

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.