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 ::
UNP leader says ready to show majority again
Sri Lanka President meets Speaker, party leaders
China hopes Sri Lanka can maintain stability
Sri Lanka Speaker appeals to the President to listen to the majority and halt the destruction of the country
Parliament to reconvene tomorrow at 1.30 p.m.
Utter chaos prevails in Sri Lanka parliament, government MPs try to attack Speaker
CSE and SEC continue stock market awareness drive with latest forum in Gampaha
Sri Lanka's Hatton National Bank 9 month Group PAT at Rs 14.5 billion
Sri Lanka President rejects No-Confidence Motion passed in parliament against his Prime Minister and cabinet
UNP to hold a massive rally tomorrow at Lipton Circus

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.