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* India Exim Bank team visits Sri Lanka to observe progress of India-funded projects
Fri, Feb 17, 2017, 07:35 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 17, Colombo: A team from Export-Import Bank of India visited Sri Lanka from 13-16 February 2017 to monitor the progress of projects being executed in Sri Lanka under Government of India Lines of Credit (LoC), particularly in the railway sector.

The team visited sites of the Northern Railway Rehabilitation Project, including Kankasanthurai Railway Line, Omanthai - Pallai railway line, Thalaimannar - Madhu Road Railway Line, Medawachchiya - Madhu Road railway line, etc., apart from evaluating the signaling and telecommunication system installed under the LoC.

The Government of India has provided concessionary credit facilities amounting to about US$ 800 million to the Government of Sri Lanka to undertake the Northern Railway Rehabilitation Project. IRCON International implemented the project, including track upgradation and setting up of signaling and communication infrastructure.

The team also called on Minister of Transport and Civil Aviation, Nimal Siripala De Silva and senior officials in Sri Lanka Railways, Ministry of Transport and Civil Aviation, Department of External Resources, Ministry of National Policies and Economic Affairs, etc.

"India remains committed to strengthening its bilateral relationship with Sri Lanka, including through closer economic ties, enhancing connectivity and other linkages, and continued development partnership," the High Commission in Colombo said in a statement.


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