Sri Lanka to lease Mattala airport to India by August: report

ECONOMYNEXT – Sri Lanka is expecting to wrap up leasing Mattala Airport, a rarely used facility, which was built with loans from China by August a media report said.

Sri Lanka’s Daily Mirror newspaper quoted Minister of International Trade and Development Malik Samarawickrema as saying that a joint venture will be set up between Indian and Sri Lankan authorities.

Sri Lanka is offering Mattala to India as a counterbalance to Hambantota port which has been leased to China for 99-years.

Mattala is expected to be leased to India for 40 years. (Colomob/Jan29/2018)

Latest Comments

Your email address will not be published. Required fields are marked *