Sri Lanka has decided to hand over the operations of the Mattala International Airport to a private Russian, Indian joint venture.
Ports and Aviation Services Secretary K. D. S. Ruwanchandra speaking to News 1st said that discussions on the matter on Tuesday (5) were successful.
Accordingly, an agreement will be inked in the near future.
As per the agreement, all operations at the Mattala International Airport will be carried out by the Russian, Indian Private Joint Venture.
The secretary added that this company will also pay the salaries and wages of the airport staff.
He went on to note that a portion of the revenue generated by the private JV in operating the Mattala International Airport will be provided to the state.
The Sri Lankan government currently spends over Rs. 2 Billion to operate and maintain the Mattala International Airport, and with this latest move, such a massive cost can be saved.