A concessionary loan agreement of approximately Rs. 56 billion for the construction of a new multi-level terminal building (Terminal 2) is expected to more than double passenger capacity from 6 to 15 million passengers per annum on completion, proponents of the project said last week. The agreement to build the new terminal 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 was signed between the Airport and Aviation Services (Sri Lanka) Limited and Japan International Cooperation Agency (JICA) last week.
“After completion of the project, the airport will be able to handle 15 million passengers per annum (mppa) and eventually ease the air traffic movement. The Bandaranaike International Airport handled 8.5 million passengers in year 2015 and exceeded its capacity of 6 mppa,” JICA said.
According to JICA, the detail design of the airport have been completed by utilizing part of the previously signed loan amounting to approximately Rs 36 billion while the total
financing for the expansion of Bandaranaike Airport is approximately Rs. 92 billion.
“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 40-year repayment period. The new passenger terminal building is planned to be open in 2020,” the statement from JICA said.
The Project would be developed based on the concept of 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.
BIA receives 28 airlines serving some 45 destinations. The BIA experience congestion during peak hours thus causing hardship to passengers and airliners and the new passenger terminal building is greatly awaited.