News Details :
News Details:
Headline : Sri Lanka : New air cargo terminal for BIA, concessions for hoteliers
Summary : 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 industry affected 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.