MRIA development: Govt. objects to China's nominee

28 November 2016 09:17 am - 8 - {{hitsCtrl.values.hits}}

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The government has objected to the conditions stipulated by the party first nominated by China for the development of the Mattala International Airport, it is said.

Along with the Hambantota Port, the government has decided to sell off the airport under what it called a ‘debt to equity swap.’ The debt component, obtained by the Government of Sri Lanka for the construction of the airport at that time, is to be absorbed by the company that buys it.

According to a report submitted to the Cabinet, the government has informed the Chinese government that it cannot agree to the conditions laid down by its nominee to develop the airport.

Accordingly, a new party was to be nominated.(Kelum Bandara)

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Comments - 8

Madiya Monday, 28 November 2016 10:26 AM

We need to thanks the disposed "so called Patriots" who beat on their chest for getting Sri Lanka into this mess or spin zone.

Hua Feng Monday, 28 November 2016 10:44 AM

Why Develop a New Airport and Port.

Nish Monday, 28 November 2016 11:33 AM

lol wait till China makes killing profits through these "white elephants".

Nish Monday, 28 November 2016 11:34 AM

To develop the country ofcourse. Do you want to remain a third world back water?

Freddie Monday, 28 November 2016 11:35 AM

Our fools first complain about lack of development. When developed they complain about loans. No wonder we will never be a strong nation.

lkboy Monday, 28 November 2016 12:21 PM

Glad at least government had a spine to object.

Reader Monday, 28 November 2016 01:32 PM

Development is not putting up structures and look up and wait without income to repay loans thatis utter waste.

lali Monday, 28 November 2016 03:04 PM

The commissions may not be sufficent.

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MRIA development: Govt. objects to China's nominee

Comments - 8

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