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 ::
Bank of Ceylon launches World MasterCard to offer world class benefits
-- [36 minutes ago]
UNP to present motion today to show confidence in Ranil Wickremesinghe to function as Prime Minister
-- [1 hour and 10 minutes ago]
Estate sector workers to end strike from today after President's intervention
-- [2 hours ago]
Railway unions threaten to launch strike on December 26
Sri Lanka's ousted PM challenged in court on his parliamentary membership
Sri Lankan Navy accused of chasing away over 3000 Tamil Nadu fishermen from island waters
Transparency International Sri Lanka calls on Bribery Commission to act on President's Allegations
ComBank Annual Report Best in Banking sector for 14th year
President to open Harvest 2018 agriculture exhibition today
Motion against President's request to rush SC verdict on dissolution of parliament

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.