Lankapage Logo CP 17 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* India to upgrade railway network in Sri Lanka
Wed, Jul 6, 2016, 10:59 am SL Time, ColomboPage News Desk, Sri Lanka.

July 06, New Delhi: India and Sri Lanka on Tuesday have discussed various issues regarding overall development of railway network in the island nation during the Sri Lankan Minister of Development Strategies and International Trade Malik Samarawickrama's visit to India on 4-5 July.

Upgradation of signaling and telecommunication system and strengthening of existing railway line in Sri Lanka are some of the issues discussed when visiting Sri Lankan Minister met the Minister of State for Railways Manoj Sinha in New Delhi in the presence of senior railway and Ministry of External Affairs officials, according to a Press Trust of India report.

India has been extending concessional Line of Credit (LoC) to Sri Lanka to support various infrastructure projects including railways and so far it has extended US$ 1 billion of LoC for various railway projects.

Some of the railway projects being undertaken under LoC assistance are upgradation of the 118 km Coastal Railway track from Kalutara to Matara in Southern Sri Lanka including supply of rolling stocks, training and setting up of maintenance facilities was carried out under US$ 267 million concessional Line of Credit (LoC) assistance project by the Railways PSUs IRCON and RITES.

During Prime Minister Narendra Modi's visit to Colombo in March 2015, a fresh Line of Credit of US$ 318 million for railway sector projects was announced.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka Railways raise awareness in increasing railway accidents
-- [1 hour and 25 minutes ago]
Rice at wholesale prices from Sathosa outlets
-- [2 hours ago]
President inaugurates Grama Shakthi poverty alleviation program
-- [2 hours ago]
Court orders prison authorities to submit a report on absence of former Navy Spokesperson Commodore D.K.P. Dassanayake in court
-- [2 hours ago]
Sri Lanka Railway unions suspend strike scheduled to begin midnight today
-- [4 hours ago]
Sri Lanka Navy hands over 6 more detained fishing trawlers back to India
-- [4 hours ago]
President warns of attempts to mislead people on a new constitution
-- [5 hours ago]
Sri Lanka to launch a three-year comprehensive economic program targeting $ 5 bn FDI, $ 5,000 per capita income
-- [5 hours ago]
Sri Lanka police arrest Buddhist monk wanted for attack on Rohingya refugees
-- [6 hours ago]
Sri Lanka's Port City to draw first investment of USD 1 bn in mid-2018

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.