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Friday, 30 March 2012 - 9:41
Japan gives largest loan package to SL
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Japan has given Sri Lanka a loan of about 66 billion rupees with the bulk of it meant for expanding the island's sole international airport.

The loans under this scheme are offered on highly concessionary terms and conditions and are administered by Japan’s International Cooperation Agency.

About 45 billion rupees will be loaned for the second phase of the Bandaranaike International Airport Development Project to improve and modernize facilities and build a second passenger terminal.

This was aimed at coping with the increased air traffic and transforming the airport as a main commercial and business hub in the region, the statement said.

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