Sri Lankan government to seek PPPs to develop domestic airports to help tourism

Sri Lankan government to seek PPPs to develop domestic airports to help tourism

The government of Sri Lanka is looking at pushing for private public partnerships (PPPs) to develop several domestic airports to help further strengthen the tourism industry.
Finance Minister Mangala Samarawera said presenting the 2018 Blue-Green budget proposals that PPPs will also be sought to promote aero sports in the country.
According to Samaraweera, domestic airports will be developed under PPP schemes in Sigiriya, Batticaloa, China Bay and Koggala.
The Finance Minister has also outlined that the Sri Lankan government will identify several zones as “open skies for aero sports”, with “three dimensional boundaries.”
The aero sports referred to in the 2018 Budget are expected to include, hang gliding, ballooning, parachuting, para-gliding and using dirigibles (blimps).
The government has proposed in the 2018 Budget to remove the National Building Tax (NBT) and ports and airport levy will on imports of non-powered equipment for sports.

OSL take:

The government of Sri Lanka in its 2018 Budget proposals has opened up many opportunities for the private sector. The push for private public partnerships to develop domestic airports as well as aero sports in a bid to further strengthen the country’s tourism industry indicates the opening up of opportunities for investments. Innovative investors could propose to the government more forms of PPP opportunities that could be ventured into in the tourism sector.

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Article Code : VBS/AT/13112017/Z_2

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