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Saturday, 03 March 2012 - 13:04
Sri Lanka airport expansion financed by Japan
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Sri Lanka's main international airport has secured financing of 28.9 billion yen financing 330 million US dollars, to expand and modernize facilities as tourist arrivals continue to expand.

The state information office said the cabinet of ministers had given the nod to get a loan of 28,969 million Yen from the Japan International Co-operation Agency.

Amid a boom in air traffic, Sri Lanka's Bandaranaike International Airport in Katunayaka, has been experiencing some congestion at the so-called daily 'hub peaks'.

The airport, operated by state-run Airport and Aviation Services Ltd, is to increase check-in counters shortly.

In 2011, tourist arrivals rose 30 percent.

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