Sri Lanka gets $190m loan from China for second airport

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China has agreed to lend $190 million to Sri Lanka for the island nation to build its second airport.

The agreement was signed during a visit by P.B. Jayasundera, the secretary of Sri Lanka's finance ministry, to Beijing from 3 March to 5 March, says the Sri Lankan government.

The loan will be provided through China's funding arm Exim Bank, it adds.

Sri Lanka's second airport, to be called Hambantota International Airport, will be located in Mattala area in the Hambantota district on the southern coast of Sri Lanka.

Construction started in November, and authorities expect the airport's first flight in 2011.

All basic facilities like runways, taxiways and parking facilities will be completed by then, airport operator Airport & Aviation Services has said.