Friday, July 06, 2018

India to gain control of Mattala airport in Sri Lanka

Colombo: India has agreed to form a joint venture with Sri Lanka to operate the country’s loss-making Mattala Rajapaksa International Airport in Hambantota, the Sri Lankan Civil Aviation Minister has told Parliament.

The $210-million facility, 241 km south-east of Colombo, is dubbed the “world’s emptiest airport” due to a lack of flights. India would operate the airport as a Sri Lanka-India joint venture, the Sri Lankan Parliament was told yesterday. The joint venture would see India gain a major stake of the airport, he said.

Minister of Civil Aviation Nimal Siripala de Silva, speaking at the adjournment motion moved by the Opposition, said: “We need to revive this dying airport, which caused a massive loss of rupees 20 billion.” The final terms of the agreement, however, remains to be worked out, the minister said.
06/07/18 PTI/Business Line