Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to obtain US$ 48.67 million to purchase railway engines for upcountry line
Wed, Jun 13, 2018, 09:40 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 13, Colombo: The Sri Lankan government is planning to obtain US$ 48.67 million from Standard Chartered Band upon the aid of Canada Exports Development Institute to purchase 12 railway engines to service the upcountry railway line.

The Cabinet has granted approval earlier to purchase 12 locomotives for the Sri Lanka Railway Department in order to improve the operational capacity of the upcountry railway line.

The train engines will be procured from the General Electric Company in the United States at a cost of US$ 4.056 million each as per the recommendation of the Standing Cabinet Appointed Procurement Committee (SCAPC). Accordingly, the proposal made by Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs, to enter in to an agreement for the provision of USD 48.67 million, from Standard Chartered Band upon the aid of Canada Exports Development Institute, was approved by the Cabinet of Ministers.

Also, the government has taken steps to purchase 160 passenger carriages under Indian loan assistance. The cost of this project is US$ 82.63 million.

 

ColomboPage - Recent 10 Stories ::
Sri Lanka government ministries, UNICEF propose increased investment in Early Childhood Development
-- [1 minutes ago]
World Bank, Sexual Violence Research Initiative launch 2018 call for proposals for innovation in addressing gender-based violence
-- [22 minutes ago]
EU joins Canada and Norway to oppose Sri Lankan government's decision to reinstate death penalty
-- [39 minutes ago]
Police arrest five people in Trincomalee with a high-powered metal scanner
-- [8 hours ago]
Law will be strictly enforced against errant traders arbitrarily raising prices - Finance Minister
-- [8 hours ago]
Sri Lanka BOI says investment projects worth over $16 bn under discussion with Singapore
-- [9 hours ago]
Sri Lanka to launch National Export Strategy this week to strengthen exports
Fisheries Ministry provides over Rs. 440,000 to bring Sindur-2 fishermen back
Sri Lanka President arrives in Rome to attend the 24th COFO & 6th World Forest Week
Rs. 17 million worth Heroin found in Serunuwara

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.