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::

* India to supply 160 passenger coaches to Sri Lanka Railways under concessional financing
Sat, Sep 8, 2018, 08:50 am SL Time, ColomboPage News Desk, Sri Lanka.

Sept 08, Colombo: India has agreed to supply 160 railway passenger coaches to Sri Lanka valued at around US$ 82.64 million under concessional financing.

The contract agreement to supply 160 passenger coaches custom-made in India to suit the requirements of Sri Lanka Railways was signed between RITES Limited of India and Government of Sri Lanka in Colombo on 7 September 2018.

Mukesh Rathore, Director (Technical), RITES Ltd. and G.S. Withanage, Secretary, Ministry of Transport & Civil Aviation of Sri Lanka signed the agreement.

A Line of Credit (LoC) Agreement of US$ 318 million for procurement of railway rolling stock and upgradation of rail tracks was signed between EXIM Bank of India and Government of Sri Lanka in June 2017 in Colombo. The current contract agreement for supply of 160 passenger coaches will be covered under this LoC.

Procurements of rolling stock from India which are underway also include 6 DMUs, 10 locomotives, 20 container carrier wagons and 30 fuel tank wagons. RITES Ltd. will be supplying the DMUs and locomotives, whereas Texmaco Rail & Engineering Ltd. will be supplying the wagons.

India has already completed projects close to US$ 1 billion under concessional financing in the railway sector in Sri Lanka. This project is in continuation of India's efforts to partner with Sri Lanka in people-oriented connectivity projects in Sri Lanka.

 

ColomboPage - Recent 10 Stories ::
Car-lorry collision kills six people in Sri Lanka
-- [3 hours ago]
Public Health Inspectors to launch token strike on Monday
-- [4 hours ago]
Police arrest 21 youths with drugs on pilgrimage to Sri Pada
-- [4 hours ago]
Sri Lanka Navy arrests four illegal immigrants attempted to enter the country from northern sea
-- [4 hours ago]
Sri Lanka's oDoc wins Rs. 42 million grant from the GSMA Ecosystem Accelerator Innovation Fund
-- [5 hours ago]
Sri Lanka co-operatives enter national rice supply chain
-- [6 hours ago]
Sri Lanka PM stresses new Constitution will protect unitary status of the country
Finance Ministry and the Central Bank faced a serious financial crisis after October 26 - CB Governor
Central Province Governor apologizes to media for not allowing to cover event
Sri Lanka Central Bank warns of malicious phishing attempt impersonating the bank

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.