ECONOMYNEXT – Sri Lanka’s cabinet has approved a proposal to allow Public Private Partnerships (PPPs) for multipurpose businesses in China-built Mattala Rajapaksa International Airport and the zones surrounding it.
The cabinet has given permission to the Aviation Ministry to call expressions of interest for potential investors for both aviation and non-aviation related businesses.
According to the cabinet paper, the airport has the potential to be transformed in to a a multipurpose business center by implementing business opportunities.
“The investors who have an interest to invest in MRIA to make it an efficient and productive airport, can send their proposals,” Co-cabinet Spokesperson Bandula Gunawardena said at the weekly press brief.
“Therefore, the focus is on taking measures to effectively utilize Mattala Rajapaksa International Airport facilities and assets by creating public private partnership investment opportunities.”
The Chinese designed and built airport Mattala Rajapaksa International Airport is yet to take off.
Sri Lanka’s Airport & Aviation Services reported a loss of 1.6 billion rupees upto June 2022 due to loans and cost on borrowings for Mattala airport.
“The overall operating loss of the company was due to the repayment of the loan instalments in foreign exchange on the loans obtained for MRIA,” AASL said at the time. (Colombo/Jan10/2023