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Sri Lanka airport expansion financed by Japan

Mar 03, 2012 (LBO) - 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.

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In 2011 tourist arrivals rose 30 percent.

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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.

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Amid a boom in air traffic Sri Lanka's Bandaranaike International Airport has been experiencing some congestion at the so-called daily 'hub peaks'.
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The airport, operated by state-run Airport and Aviation Services Ltd, is to increase check-in counters shortly.