Mattala Airport:
A new chapter in economic development
Sri Lanka's second international airport in
Mattala to be opened tomorrow will attract overflying Airbus A380
aircraft and earn navigation fees, officials said. Aircraft flying
over Sri Lanka from Dubai to Sydney is one of the targets.The
Mattala Rajapaksa International Airport with a 3,500-metre long and
60-metre wide runway, and 7.5-metre shoulders has been designated
‘Code F’ by the International Civil Aviation Organisation and could
handle Airbus A380 aircraft.
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Hamilton Canal development, a fillip for eco-tourism
Work on the Rs. 700 million Hamilton Canal
tourism development project will be completed next month, Economic
Development Ministry sources said. The project to promote tourism
commenced three years ago by developing the seven-kilometre stretch
from the Negombo lagoon to Maha Oya. Work is in progress on the
two-kilometre stretch from the Kelania river to Hekitta.“The river
bank on the stretch has been renovated and the project is due to be
completed as scheduled. Facilities for fishermen such as marketing
stalls and jetties for boats, will be constructed,” a project
officer said.
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MOODY INTERNATIONAL
Lanka makes notable progress
Moody's Investors Service has assigned a B1
rating to Sri Lanka taking into account the notable progress that
the country has made over the past three years. Moody's latest
report on Sri Lanka titled ‘Sri Lanka -- the post-IMF backdrop:
downward growth pressures and elevated external pressures’ said that
Sri Lanka's economy faces slower growth and elevated external
pressure in the year ahead.
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