Sri Lanka India JV for Mattala airport ‘in a few months’ : PM

ECONOMYNEXT – Sri Lanka and India will form a joint venture to run the island’s second international airport in Mattala, while a Chinese firm is due to start operations in a nearby port in December, Prime Minister Ranil Wickramasinghe has said.

Though Sri Lanka built an airport in Mattala with loans, no aircraft came," Prime Minister Wickramasinghe told a youth forum in nearby Weerawila Saturday.

"In a few months an Indian company will form a joint venture with Sri Lanka. It is India as a nearby country that can bring the largest volume of tourists to this airport."

At the moment profits made from Katunayake airport was being used to pay off loans in Mattala and profits in Colombo Port was being used to pay off loan in Hambantota he said.

Prime Minister Wickremesinghe said China Merchant Holdings has formed a company to operate Hambantota port, which will now repay the loans.

The first payment is due in December and the second in January, he said.

He said the port and industrial zone will have a dockyard, a liquefied natural gas power plant, a refinery and a cement factory. (Colombo/Nov06/2017)

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