JICA To Resume Funding BIA Terminal 2 Expansion

Japan’s JICA To Resume Funding for BIA Terminal 2 Expansion

by Staff Writer 10-07-2024 | 1:46 PM

COLOMBO (News 1st); The Japan International Cooperation Agency (JICA) has agreed to resume the 2nd terminal of the Bandaranaike International Airport (BIA) extension project, under a concessionary loan scheme.

Sri Lanka's Ministry of Ports, Shipping & Aviation said that JICA agreed to provide Rs. 170 Billion for the construction that will proceed under the concessionary loan scheme.

After the completion of the Terminal, the airport will be able to handle 16 million passengers per annum, from the current number of 6 million, and eventually ease the air traffic movement.

JICA delegates had informed Minister Nimal Siripala that an agreement for the concessionary loan scheme will be signed soon, and tenders for the construction process will be called for in September.