Sri Lanka airport expansion financed by Japan

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

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. In 2011 tourist arrivals rose 30 percent. 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 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.