Sri Lanka’s loss-making Mattala Rajapaksa International Airport will need a complete overhaul if it wants to attract investors, analysts warn, after a 30-year lease agreement with an Indo-Russian joint venture failed commercially.
The nation’s second international airport, built with Chinese loan, is located near a wildlife sanctuary on the island’s southern coast. It has no regular flights.
Since opening in 2013, the small airport has failed to generate enough revenue to cover even its…
Is Sri Lanka’s investor call for ‘world’s emptiest airport’ struggling to get off ground?
