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India+presents+a+proposal+for+the+Mattala+Airport
Saturday, 12 August 2017 - 13:38
India presents a proposal for the Mattala Airport
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India has expressed interest to operate Sri Lanka’s second international airport situated in Mattala, about 40 km from the southern town of Hambantota, where China has majority stake in a strategic port it built.

The Sri Lankan government earlier this week cleared Civil Aviation Minister Nimal Siripala de Silva’s request for a committee to study the Indian government’s proposal.

India proposes to “operate, manage, maintain and develop” the airport through a joint venture, holding 70% of the equity for 40 years.

According to the Minister’s Cabinet paper, India is to invest 205 million US Dollars in the venture, while Sri Lanka would pitch in the balance 88 million Dollars.

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