India To Get Control Of Sri Lanka Airport Adjoining Port Given To China

Login   |  Register Now

Follow us with

India To Get Control Of Sri Lanka Airport Adjoining Port Given To China

Posted on : Friday 6th of July 2018

Total 1 News Image

COLOMBO: India has agreed to form a joint venture with Sri Lanka to operate the country's loss-making Mattala Rajapaksa International Airport in Hambantota, their Civil Aviation Minister has told Parliament. The $210 million facility, 241km south-east of Colombo, is dubbed the "world's emptiest airport" due to a lack of flights.

India would operate the airport as a Sri Lanka-India joint venture, Sri Lanka's parliament was told on Wednesday.

The joint venture would see India gain a major stake of the airport, he said.

Minister of Civil Aviation Nimal Siripala de Silva, speaking at the adjournment motion moved by the Opposition, said: "We need to revive this dying airport which caused a massive loss of rupees 20 billion."

The final terms of the agreement, however, remains to be worked out, the minister said.

Opposition legislator Kanaka Herath asked if the Mattala airport and adjoining Hambantota seaport are to be handed over to India and China to please the super powers. Mr De Silva responded by saying that in 2016, the government had invited proposals from interested international investors to run the airport.

"Only India offered to help us. Now we are in discussion with the Indians for the joint venture," Mr de Silva said.

Mattala airport, named after former president Mahinda Rajapaksa, was one of the major infrastructure projects of Mr Rajapaksa's nearly a decade-long rule. The project was funded through high interest Chinese commercial loans.

The airport was officially opened in March 2013.

The only international flight operating from there was halted in May due to recurrent losses and flight safety issues.

The airport has the capacity to handle one million passengers a year and is expected to handle five million passengers, 50,000 tonnes of cargo and 6,250 air traffic operations per annum by 2028.

The government in 2017 invited investors to turn the airport into a profit-sharing joint venture. However no proposals were received to operate, manage and maintain it.

The seaport built in Hambantota, another one of Mr Rajapaksa pet project, has been leased to China to set off Chinese loans as equity.

The Hambantota port was a major Chinese-assisted infrastructure project in the home district of Mr Rajapaksa, whose nearly a decade-long rule was ended by President Maithripala Sirisena in 2015.

The Rajapaksa-led Opposition has called the Hambantota seaport deal a sell out of national assets to China.

Mr Rajapaksa's administration had been criticised heavily for high commercial borrowings from China.

Courtesy : NDTV

Disclaimer: The contents or any information provided here is strictly personal and way4indians.com does not hold any responsibility or liability on them. We shall endeavor to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libelous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

More Articles

Garbage, waste items litter many areas..

A number of residents of Abu Halifa expressed concern about the bad condition of the streets in the area as well as t...

PM to inaugurate Indian Science Con..

Prime Minister Narendra Modi will inaugurate the Indian Science Congress at Jaland...

MoH obtains approval to extend the ..

The Ministry of Health has obtained approval from supervisory authorities to exten...

CSC examines university degrees of all..

The Civil Service Commission (CSC), in cooperation with the Ministry of Higher Education, has formed a team to run a ...

Legendary filmmaker Mrinal Sen passes ..

One of the most prolific filmmakers in the country and the pioneer of new wave cinema in India, Mrinal Sen passed awa...

Happy Holidays: Google wishes the w..

Keeping up with the festive spirit, Google on Tuesday came out with a colourful Ch...

Labor department to directly issue wor..

The Public Authority for Manpower (PAM) issued an administrative circular which allows labor departments to directly ...

MoE finalizing list of expat workers t..

The Administrative Sector at the Ministry of Education is finalizing the list of expatriate employees whose service w...

819 cameras to monitor flow of traf..

Sicora, a company specialized in video monitoring systems, has provided Kuwait wit...

Leadership must own up to defeat al..

"Success has many fathers but failure is an orphan, as when there is success,...

‘I’ll definitely contest in the..

Actor-turned-politician Kamal Haasan, who founded his own party Makkal Needhi Maia...

His Highness Crown Prince attends Jana..

Representing His Highness the Amir Sheikh Sabah Al-Ahmad Al- Jaber Al-Sabah, His Highness the Crown Prince Sheikh Naw...

Advertisements

Copyright © 2012-2019, All rights Reserved   |  www.way4indians.com  |  This Logo is a trademark of Way4Indians. For Enquires, please contact : info@way4indians.com