Hirunews Logo
India+presents+a+proposal+for+the+Mattala+Airport
Saturday, 12 August 2017 - 13:38
India presents a proposal for the Mattala Airport
96

Shares
11,573

Views

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.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
Sri Lanka hit by adverse weather
Thursday, 07 December 2017 - 15:17
Sri Lanka's weather pattern has changed a lot now.Experts say it is a result of climate change.Over the last few days, many parts of the island were affected... Read More
Hiru News Programme Segments
260 Views
6,474 Views
5,967 Views
13,728 Views
287 Views
7,981 Views