BIA Currency Exchange Contracts Awarded for Rs. 3.8 Bn 📈

The Cabinet of Ministers has approved awarding three-year contracts to five operators for currency exchange services at the Bandaranaike International Airport (BIA) arrivals terminal. The competitive bidding process attracted total bids exceeding Rs. 3.8 Billion. • Selected Operators & Bid Values: Commercial Bank of Ceylon PLC: Rs. 972.77 Mn + taxes (Counter 4) Bank of Ceylon: Rs. 877.14 Mn + taxes (Counter 5) Thomas Cook Lanka Ltd: Rs. 720.79 Mn (Counter 6) Sampath Bank PLC: Rs. 646.64 Mn + taxes (Counter 7) People’s Bank: Rs. 631.31 Mn + taxes (Counter 8) • Context: The relocation and new bidding process were initiated following the redevelopment of the BIA arrivals terminal. Previous agreements were terminated by Airport and Aviation Services (Sri Lanka) Ltd after failing to reach a consensus on monthly fees for the new locations. • Economic Impact: This move involving major banking and foreign exchange entities aims to streamline services for international arrivals and reflects the high commercial value of the country’s primary gateway. _Note: Based on official Cabinet briefing data._