SRI LANKA SEEKS MORE CHINESE INVESTMENT FOR MATTALA RAJAPAKSA AIRPORT
August 1st, 2013
THE SRI Lankan government wants to borrow an additional USD150 million from the Export-Import Bank of China to fund rising costs for building the new Mattala Rajapaksa International Airport. China’s official Xinhua news agency and Sri Lanka newspapers reported that the money would fund unexpectedly high construction bills for the airport, which opened this March (2013). It would also finance building a new hangar. Projected overall costs have risen to USD356.9 million from USD209 million, according to Sri Lanka cabinet papers.Meanwhile, there are also Chinese ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.