ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Sri Lanka crisis

Sri Lanka crisis: Japan's Taisei seeks halt to airport expansion

Project's fate in limbo as economic, political turmoil disrupt funding

A flight deck director at Bandaranaike International Airport. Also known as Colombo Airport, it serves as the main international airport for Sri Lanka.   © Reuters

TOKYO/NEW DELHI -- Japanese engineering group Taisei will enter negotiations on a possible stoppage of an airport expansion in Sri Lanka after funding for the project was cut off, another sign of the country's deepening economic crisis.

Taisei in 2020 won a 62 billion yen ($464 million at current rates) contract to build a new multilevel terminal and viaduct at Bandaranaike International Airport near Colombo, Sri Lanka's largest city. It had expected to complete construction around 2023.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more