COLOMBO (EconomyNext) – Sri Lanka will double the passenger capacity at the main international airport to 15 million passengers a year by 2020 with Japanese finance, Minister Rajitha Senaratne said.
Sri Lanka will borrow 45.42 billion Yen (48.9 billion rupees) from the Japan International Co-operation Agency for the project Senaratne said.
Sri Lanka planned to raise the capacity of the airport to 15 million passenger a year by 2020 from the current 7.4 million.
Cabinet had approved a proposal by the Policy Planning Ministry to enter into an agreement with Japan over the project.
Sri Lanka has seen a surge of tourist arrivals after the end of a civil war in 2009 and the country has also allowed more airlines to fly into the country.
Business and transit passengers are also rising.