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Taisei ready to leave SL!

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Japan's Taisei Corporation, the contractor engaged in building the second terminal at the Katunayake Bandaranaike International Airport, is preparing to leave Sri Lanka, it is reported.

It is said that the Japanese company is preparing to withdraw from the project due to many practical difficulties they face in the country including the fuel crisis and several other undisclosed issues.

Meanwhile, a controversial issue was reported where a powerful minister of the government had demanded a commission from the company for a project.

Taisei is one of the two contractors who bid for the airport project, which is funded by the Japan International Cooperation Agency (JICA).

The value of the loan agreement for this project is 56 billion rupees, and the related agreement was signed on March 29, 2016.

Since the bid submitted by the Japanese contractor was significantly higher than the estimate of the engineers, the negotiations between Sri Lanka and JICA regarding this project have been dragging on for a long period.

Eventually the project commenced in November 2021 and so far, 25% of the project has been completed.

However, regarding the reports that the Japanese company is preparing to leave Sri Lanka, the Chairman of Airport and Aviation Services Major General G.A. Chandrasiri (Rtd) claims that discussions are being held with the Taisei company regarding some existing problems.

The Chairman has also told the media that no further information can be provided as confidentiality is essential regarding the intervention of both countries in these matters.

Source

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