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‘JICA’ support to resume BIA’s second terminal construction

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The construction of the second terminal of Katunayake Airport, which started in 2020 at a cost of Rs. 145 billion under the ‘JICA’ soft loan scheme, was stopped in 2022. The main reason for this was the economic recession in the country by March 2022.

After the country was declared bankrupt due to the economic recession, the concessional loan programme given by ‘JICA’ for the second terminal project was also stopped.

As a result, construction of essential components of the second terminal was abandoned by the contractors, which was completed using the financial allocation of the airport company. Accordingly, about 6 percent of the construction of the project has been completed by now.

Ports, Shipping and Aviation Minister Nimal Siripala de Silva discussed with the Japanese Government and ‘JICA’ institute about the resumption of the construction of this second terminal.

As a result, a group of representatives including ‘JICA’ President Akihiko Tanaka met the Minister and discussed about this project on Wednesday (14).

Here, the Minister said that due to the rising prices of raw materials, equipment and goods in the construction sector, in addition to the loan amount given by ‘JICA’, another provision of about US$ 450 million is required.

After a discussion between the two parties, ‘JICA’ President said that since Sri Lanka’s economy is showing growth, ‘JICA’ will support the construction of the second terminal after the financial restructuring process is implemented by the IMF.

After this discussion, the representatives including ‘JICA’ President Tanaka Akihiko observed the construction work currently being done at the second terminal of Katunayake Airport.

A group of officials including Ministry Secretary K. D. S. Ruwanchandra, Airport and Airline Company Chairman Atula Galkatiya participated.

The post ‘JICA’ support to resume BIA’s second terminal construction appeared first on DailyNews.

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