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* India's Integral Coach Factory bags order from Sri Lanka for diesel sets and coaches
Sun, Apr 16, 2017, 10:46 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 16, Chennai: India's leading railway coach manufacturer located in Chennai, Integral Coach Factory (ICF) has bagged an export order from Sri Lanka for diesel train units and coaches.

ICF general manager, K Mani said on Saturday, the train manufacturer has received an order from Sri Lanka for the supply of 78 diesel-electric multiple-units (DEMUs) and 160 coaches.

Sri Lanka's Department of Railway in March entered into an agreement with India to purchase ten train engines and six power sets made in India under India's credit line.

Sri Lanka has been granted USD 42 million for 10 engines, and USD 58 million for six power sets under the Indian Credit Line.

Carrying an interest rate of 1.75 percent, the line of credit will have a repayment period of 20 years. According to the agreement 75 percent of the goods and services should be sourced from India.

 


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