Bids called for expansion of Jaffna and Katunayake international airports
The Morning: The Ministry of Ports, Shipping and Aviation has announced two major infrastructure development projects aimed at enhancing Sri Lanka’s aviation sector.
Proposals are invited for a feasibility study on the augmentation of Jaffna International Airport (JIA) at Palaly. Reputed airport consultancy firms meeting specific criteria can submit proposals.
A pre-proposal conference and site visit are scheduled for 8 January 2025, at JIA. Proposals must be submitted by 2.00 p.m. on 29 January 2025.
Separately, bids are open for the completion of the Bandaranaike International Airport (BIA) Development Project Phase II Stage 2, Package A1. This includes constructing the main terminal building, piers, and associated infrastructure.
The project, initially halted in 2022 due to economic challenges, aims to utilise previously procured materials. Bidders must submit bids by 2.00 p.m. on 18 March 2025.
OSL take:
Sri Lanka’s development programme in-line with the country’s target of becoming a hub in the South Asian region has presented many new business/investment opportunities. The increasing economic activities and the overall economic expansion have resulted in the growth in opportunities for foreign businesses/investors looking for lucrative ventures in Sri Lanka. It is in such a backdrop that Sri Lanka is looking at expanding the Jaffna and Katunayake international airports to meet the demands of the expanding airport and aviation industry. Development programmes such as these that require the development of infrastructure and supplementary infrastructure facilities present many business/investment opportunities. Sri Lanka’s strategic positioning in the Indian Ocean, the strong trade ties, the incentive schemes for foreign businesses/investors have all made Sri Lanka an attractive destination for business, including as a destination for foreign businesses/investors to set up bases to engage with other countries in the region. Foreign businesses could therefore also look at forming partnerships or joint ventures with local businesses with the aim of further expanding operations.
Article Code : | VBS/AT/20250106/Z_5 |