April 27, Colombo (LNW): Sri Lanka’s Cabinet of Ministers has approved a landmark decision to entrust the management of Mattala Rajapaksa International Airport to M/s Shaurya Aeronautics (Pvt.) Ltd from India and the Airports of Regions Management Company from Russia or its affiliated enterprises. This arrangement, sanctioned for a duration of 30 years, marks a significant step towards revitalizing the airport’s operations and maximizing its potential.
The decision follows a comprehensive process initiated during a Cabinet meeting on January 9, 2023, where approval was granted for soliciting proposals from interested parties to utilize the facilities at Mattala Rajapaksha International Airport. Subsequently, five institutions submitted their proposals in response to the call for Expressions Of Interest.
After careful consideration and evaluation, the Cabinet of Ministers, upon the recommendation of the Minister of Ports, Shipping, and Aviation, has consented to the resolution. The negotiation committee appointed by the Cabinet of Ministers has recommended the joint management arrangement with the Russian and Indian firms, reflecting a strategic approach to leverage international expertise and resources in enhancing the airport’s operations and services.
This decision underscores Sri Lanka’s commitment to fostering partnerships with global stakeholders to drive economic growth and development, particularly in critical sectors such as aviation. The joint management initiative holds the promise of unlocking the airport’s potential as a key hub for regional connectivity and economic activity.
