header logo
Asia asset finance
Mogo Academy
Latest
Mattala deal will embroil Sri Lanka in India-China ‘regional power games’ - MR
Jul 28, 201812:10 AM
Mattala deal will embroil Sri Lanka in India-China ‘regional power games’ - MR

Sri Lanka’s proposed deal with India over the Mattala Rajapaksa International Airport will “unnecessarily” embroil the island national in India-China “regional power games”, former President Mahinda Rajapaksa said. 

 

The Sri Lankan government earlier this month had announced that it would go ahead with the deal with India to jointly operate the airport in the southern Hambantota district.

 

The country has also entered a 99-year lease with China to develop an industrial park and an oil bunkering facility at the Hambantota port.

 

“We are opposed to the selling of national assets,” Rajapaksa said while in Tangalle.

 

“Our country will be unnecessarily caught in regional power games due to this,” he added. Rajapaksa was underlining the concerns that the current government in a bid to balance India in Sri Lanka’s “over dependence” on China is to handover the Mattala airport to serve New Delhi’s interests.

 

The USD 210 million facility, 241-km south-east of Colombo, is dubbed the “world’s emptiest airport”. The Airports Authority of India (AAI) is to enter a deal with the Sri Lanka Civil Aviation Authority to run the Mattala airport.

 

The airport was built with high interest commercial loans from China. The AAI is to have a 70 per cent stake while Sri Lanka’s CAA will invest 30 per cent.

 

The private public partnership will see AAI entering a 40-year lease agreement to take up the management control of the airport. 

 

However, India’s Minister of State for Civil Aviation Jayant Sinha yesterday told Parliament that there was no proposal under consideration for the AAI to buy a controlling stake in the airport. Sinha also clarified that there were no plans for the AAI to build a flying school and a maintenance, repair and overhaul unit at the airport.

 

On July 19, Sri Lanka’s Civil Aviation Minister Nimal Siripala de Silva had told the country’s Parliament that the AAI has been asked to submit its business plan for operating the loss-making Mattala airport. The airport was officially opened in March 2013. The only international flight operating from there was halted in May due to recurrent losses and flight safety issues.

 

Source: PTI

 

-Agencies 

 

 

 

MostRead
Mobitel Upahara
VideoStories
Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Govt. launches island wide dengue control programmes; public urged to stay vigilant

Govt. launches island wide dengue control programmes; public urged to stay vigilant

Farmers stage protests urging govt. to purchase paddy at a fair price

Farmers stage protests urging govt. to purchase paddy at a fair price

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Lassana Flora