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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.

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