New air cargo terminal for BIA, concessions for hoteliers

The Cabinet approved the proposal to commence procurements to build a additional Air Cargo Terminal at Bandaranaike International Airport.

Also a relief package to strengthen tourism industryaffected by Easter attacks was approved by the Cabinet.

Here a concessionary period for loans taken by those engaged in tourism industry , Capital Loan facilities under ‘Enterprise Sri Lanka’ program, reduction of VAT, concessions for security equipments, reduction of VAT up to 5% with respect to registered hotels and tourist agents, will be provided from April 1, 2019 to March 31. 2020.

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