Sri Lanka to restart airport terminal project with support from JICA

Sri Lanka will meet with the Japan International Cooperation Agency (JICA) to discuss resuming the airport terminal project, which was put on hold, following an agreement with official creditors, according to Aviation Minister Nimal Siripala de Silva.

Japan stopped lending to Sri Lanka after the country declared sovereign default in April 2022.

"Next week, representatives of JICA will visit me," Minister de Silva told reporters in Colombo. "This is one of the benefits of the restructuring. They have agreed to provide additional funds to cover the increased costs."

To complete the terminal, a new Japanese contractor needs to be selected, he added. (Colombo/July 04, 2024)