Sri Lanka’s billion rupee project at Bandaranaike International Airport commences

Sri Lanka’s billion rupee project at Bandaranaike International Airport commences

The phase II development of Sri Lanka’s Bandaranaike International Airport (BIA) aimed at catering to 15 million passengers commenced this month, creating a major landmark in the country’s aviation history.

This development project which is funded by Japan is estimated to be completed in three years at a cost of Rs. 107 billion making this the largest development project carried out by the government of Sri Lanka, the Daily News has reported.

“When I was offered an Aviation state ministerial portfolio under the new government, developing BIA too was one of the major purview of my ministry,” Sri Lanka’s State Minister of Aviation and Exports Zones Development, D.V. Chanaka has said. “Steps will be taken to enhance the functionality of the key areas such as efficiency of customer service and staff as well as the safety of passengers under this development.”

This project is planned to be carried out as an environmental-friendly manner using the latest technological expertise available in the world.

The advanced technology is expected to help save 40% of water and 20% energy which makes this project a green one.

According to reports, this new multi-level terminal which expands over an area of 180,000 square meters will consist of more passenger- friendly separate departure and arrival terminals. A five-storied parking area will also be built considering use of the public of the airport.

OSL take:

The recommencement of Sri Lanka’s development programme has opened up many business/investment opportunities in key economic sectors. Also, the large scale development projects have created opportunities for investors to explore the setting up of supplementary infrastructure facilities. Sri Lanka is fast becoming a hotspot for business/investment opportunities in the South Asian region given its geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country. Also, the resilience shown by the country’s economy while combating the global Covid 19 pandemic has resulted in the further boost of business confidence. 

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Article Code : VBS/AT/21112020/Z_4

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