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

Jan 30, 2018 08:53 AM GMT+0530 | 0 Comment(s)

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)


 

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