Category: Shipping and Transport

As exclusively reported on LBR the Indo-Lanka Economic cooperation deal also threw open air-travel between the two countries.Private airlines from the two countries could soon be plying international routes.rn rnThe proposed open skies agreement doesnt stand-alone. A joint study group is also recommending the easing of visa restrictions on the Indian side and the joint […]

The hotly debated deal, to partially privatise 13 cluster bus companies, will hit the road within the next few weeks, with the governments privatisation arm scouting for fresh investors.The move comes after the controversial British consortium IBIS, called off its bid to buy a 39 percent stake in six cluster bus companies.rn rnThe six companies […]

Domestic charter flight giants Lion Air and Expo Aviation are within days to seal the hatch on a deal, to cross market their services.The airlines will fly on a shared schedule and will cross sell seats through their agents in Colombo and Jaffna.rn rnBoth firms feel the deal will help grow the industry and make […]

Singapores Changi Airport has shown interest in actively participate in developing and managing Sri Lankas airports.The Board of Investments said in a statement that Changi Airport Chairman Boon Swan Foo had expressed his sentiments during a meeting with BOI Chairman Arjunna Mahendra on Wednesday.rn rnFoo had shown interest in Sri Lankas airport expansion programme and […]

The Civil Aviation Authority says it is processing applications to allow local firms to operate a few international schedule flights from Sri Lanka.The international operations will materialise through charter flights to neighbouring countries, the aviation watchdog said in a statement on Tuesday.rn rnThe watchdog says move is part of the government decision to shift towards […]

Private operators who want to build an Airport in Southern Sri Lanka are asking the government to arrange loan facilities to part fund it, Southern Development Minister Ananda Kularatne said.The Airport & Aviation Services Ltd (AASL), a state owned firm that owns and operates Katunayake International Airport has just concluded a feasibility study, which has […]

Canadian consultants studying the Hambantota Port project have come up with a US$ 1,700 mn three-phased development plan as being feasible.Southern Development Minister Ananda Kularatne said the cost also includes US$ 240 mn for a breakwater and dredging. rn rnMinister Kularatne says government steering committee is now examining the report prepared by the Canadian firm […]

Eight companies have shown interest in starting domestic helicopter operations from December, catering to the tourist boom expected during the winter season.The Civil Aviation Department is expected to give the green light to these operators, as soon as inspections into technicalities of the helicopters and operational matters are sorted out.rn rnDeccan Aviation Lanka, backed by […]

A top taskforce is in talks with consultancy firms from the US, UK and Malaysia, to draw up bid documents, offering a private stake in the countrys international airport.ldblquote We are trying to identify a consultant to work with the Sri Lankan team to develop Expressions of Interest (EOI) and Request For Proposal (RFP) documents […]

The Colombo District Consumer Price Index (CDCPI) for September shrunk 0.4 per cent to 138.9 over August despite the increase in gas, kerosene and cigarette prices.rnrnThe CDCPI calculated by the Central Bank covers 40 percent of the Colombo Districts lowest income earning households. rn rnThe Central Bank on Wednesday said a price drop in a […]

The immediate land surrounding Colombos canal ways could get a facelift along with a proposed transport project. A team sponsored by Canadian authorities recently concluded an initial feasibility study on Colombos canal system.rn rnThe team is now back in Canada to draw up financial proposals before work on detailed plans and funding arrangements can start. […]

The Road Development Authority has commissioned a Korean Company to carry out a feasibility study to rehabilitate the Puttalam-Trincomalee (A12) Road. The study will be carried out at a cost of US$ 1.2 mn, with the funds coming through a grant from the Korean government. rn rnWork will begin in November this year and go […]