Sanken awarded Rs. 3 b contract for Ratmalana Airport complex
Daily FT: Sanken Construction Ltd., has been awarded the contract worth Rs. 3 billion for an airfield facility at Ratmalana Airport.
The decision to this effect by the Cabinet of Ministers last week was disclosed by Cabinet Spokesman and Minister Dr. Nalinda Jayatissa recently.
He said the project, initially approved in September 2019, is intended to upgrade airport infrastructure and improve operational efficiency. Nine bids were received under the National Competitive Procurement Procedure, with Sanken selected as the lowest responsive bidder.
The contract, valued at Rs. 3.04 billion excluding Value Added Tax, was approved based on recommendations from both the Procurement Evaluation Committee and the High-Level Standing Procurement Committee.
OSL take:
Sri Lanka’s airport and aviation industry is on an expansion path given the steady growth in foreign travelers to the country, including tourists. However, the increasing number of foreign travelers to the country has created the need for the country’s airport and aviation industry to expand operations and facilities to meet the growing demand as well as the fast-evolving requirements of global travelers. Realizing the need to expand facilities of the country’s airport and aviation industry, the Sri Lankan government has paid special attention to further develop and expand the industry in order to further expand Sri Lanka’s internal and external connectivity. Given that Sri Lanka’s economy is on a growth trajectory and the country is on the path to becoming a hub in the South Asian region, the business/investment opportunities in the country’s airport and aviation industry as well as related sectors present many lucrative business/investment opportunities that would continue to revolve. Foreign businesses/investors could therefore explore the many business/investment opportunities in Sri Lanka’s airport and aviation industry as well as related sectors while also looking at expanding operations through partnerships or joint ventures with local businesses.
| Article Code : | VBS/AT/20251013/Z_3 |