JICA agrees to resume funding for BIA’s terminal 2

JICA agrees to resume funding for BIA’s terminal 2

July 10, 2024   10:31 am

The Japan International Cooperation Agency (JICA) has agreed to resume funding for the second terminal of the Bandaranaike International Airport (BIA) extension project, facilitated under a concessionary loan scheme, says Minister of Ports, Shipping and Aviation Nimal Siripala de Silva.

The construction of the second terminal at the BIA began in 2020 with JICA funding, but has been stalled since 2022 as a result of Sri Lanka’s default due to the economic crisis.

Funded by the Japan International Cooperation Agency (JICA), the project was suspended in 2022 until Sri Lanka’s debt restructuring was finalized.

The construction of the second terminal of the airport started in 2020 at a cost of Rs. 145 billion under the ‘JICA’ soft loan scheme.

After Sri Lanka declared bankruptcy due to the economic crisis, the concessional loan programme given by ‘JICA’ for the second terminal project had also been halted.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

President Anura Kumara Dissanayake assures justice for Easter attacks victims

President Anura Kumara Dissanayake assures justice for Easter attacks victims

This election will decide the future of political parties – PAFFREL (English)

''True tribute to teachers is elevating their role and improving their living standards'' – PM Harini (English)

Special import levy on potatoes and Bombay onions increased (English)

LIVE🔴Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

President receives blessings from Chief Prelates of Amarapura and Ramanna Maha Nikayas (English)

More former Provincial Councilors and LG members join MJP (English)