Sri Lanka to construct third international airport

Image
IANS Colombo
Last Updated : Jul 12 2018 | 3:40 PM IST

The Sri Lankan government is planning to construct a third international airport in Trincomalee in a bid to make the district the 'Eastern Gateway into the Bay of Bengal', authorities said on Thursday.

"When you look back at Sri Lanka's history, we were a hub in the Indian Ocean where there were several ports," Prime Minister Ranil Wickremesinghe said while unveiling the project.

"Countries in the Bay of Bengal region will fast develop within the next 20 years. By 2050 the population in this region is expected to reach three billion. Therefore, we have to consider Trincomalee as the Eastern Gateway," Xinhua news agency quoted Wickremesinghe as saying.

Jaffna province was also next in line to see major development plans, he added.

Under the plan, Trincomalee would be converted into an export hub by creating a clean industrial ecosystem, which can add value to the already abundant agriculture, aquaculture, minerals and resources in its hinterland.

It would also be re-positioned as the Eastern Tourism Hub and made into an eastern logistics centre.

--IANS

ksk/mr

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 12 2018 | 3:36 PM IST

Next Story