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Historical Milestone – AASL signed Loan agreement with JICA

March 24, 2016

A concessionary loan agreement for JPY 45,428 million (Rs. 56 billion) was signed on 24th March 2016 between Airport and Aviation Services (Sri Lanka) Ltd. and Japan International Cooperation Agency (JICA) to expand the Bandaranaike International Airport (BIA).

This is for the construction of a new multi-level terminal building (Terminal 2) with an approximate floor area of 180,000 m2, where arrivals and departures are separated vertically, consists of two pier buildings, namely Pier 2 and Pier 3.

The new terminal would be designed for the provision of barrier free access with many environmentally friendly initiatives. The new remote apron will consist of 23 aircraft parking stands, GSE roads and three stub taxiways. The new terminal building will feature additional 96 check-in counters, eight baggage claim belts, seven baggage make-up carousels, 16 contact boarding gates with 28 passenger boarding bridges and six bus gates.

The scope also includes capacity enhancement of the incinerator, water treatment plant and sewerage treatment plant.

Bandaranaike International Airport Development Project (Phase 2) (II) was welcomed by the Joint Declaration on Comprehensive Partnership between Japan and Sri Lanka announced during Prime Minister Ranil Wickremesinghe’s visit to Japan.

The project would be developed based on the concept of an eco-airport with Japanese advanced technology and know-how. The concept includes rain water harvesting for the landscaping works and recycled water from the sewerage treatment plant for flushing of toilets, photovoltaic power generation, solar energy harvesting, LED lighting, energy efficient glazing, etc.

Japanese technology is to be used for constructing this landmark terminal building which will become the international gateway to Sri Lanka. In order to promote technology transfer and economic cooperation between Sri Lanka and Japan, JICA’s loan is provided under the Special Terms for Economic Partnership, with 0.1% p.a. interest and a 40-year repayment period. The new passenger terminal building is planned to be open in 2020.

Photos by: AASL Media