BIA’s departure terminal currency exchanges get new 3 year contracts

Friday, 8 November 2024 00:28 - - {{hitsCtrl.values.hits}}

The Cabinet of Ministers at their meeting on Monday approved contracts for five institutions to operate currency exchange counters at the Bandaranaike International Airport (BIA) for a three-year period, following recommendations by the Technical Evaluation Committee and the Standing Procurement Committee.

The awarded counters will allow Bank of Ceylon, Sampath Bank, Commercial Bank, Thomas Cook Lanka Ltd., and Hatton National Bank to offer currency exchange services at the BIA’s departure terminal.

In a competitive bid process involving licensed commercial banks, licensed special banks and Central Bank-approved foreign exchange businesses, the selected institutions will operate their assigned counters as follows:

Counter No. 25 awarded to Bank of Ceylon for Rs. 798.028 million + taxes
Counter No. 02 to Sampath Bank for Rs. 633.662 million + taxes
Counter No. 04 to Commercial Bank for Rs. 381.364 million + taxes
Counter No. 10 to Thomas Cook Lanka Ltd., for Rs. 299.064 million + taxes
Counter No. 11 to Hatton National Bank for Rs. 225.689 million + taxes

Addressing at the weekly post-Cabinet meeting media briefing on Wednesday, Cabinet Spokesman and Minister Vijitha Herath noted that bids were solicited through Limited National Competitive Bidding to ensure a transparent and efficient selection process.

The newly awarded counters are expected to enhance currency exchange services at the country’s main international airport, providing travellers with convenient access to foreign currency before departure.