The airport is named after former president Mahinda Rajapaksa, who borrowed heavily from China for infrastructure projects that quickly became commercial failures.
Chinese-Built Airport in Sri Lanka to Manage by India – Sri Lanka Guardian slguardian.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from slguardian.org Daily Mail and Mail on Sunday newspapers.
Sri Lanka has leased its underutilized Mattala Rajapaksa International Airport, built with Chinese loans, to a joint venture between India s Shaurya Aeronautics and Russia s Airports of Regions Management Company for 30 years. The airport, plagued by problems since its 2013 opening, has struggled with financial losses. The lease marks part of Sri Lanka s efforts to privatize state-owned enterprises after an IMF bailout. The airport s location on a bird migratory route and poor passenger traffic have contributed to its challenges.
Indian and Russian firms secure management contract for Sri Lanka's Mattala International Airport - Airlines/Aviation News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.