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

Leading News from Sri Lanka::

* Japan agrees to provide $1.86 billion to fund Light Rail Transit system in Colombo
Thu, Jan 3, 2019, 10:05 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 03, Colombo: The proposal made by Minister of Finance and Mas Media, Mangala Samaraweera to obtain the support of the Japanese International Cooperation Agency (JICA) for the construction of a light rail system in the Colombo city has received the Cabinet approval.

The Japan International Cooperation Agency has agreed to provide financial and technical assistance to establish a Light Rail Transit (LRT) System in Colombo in order to minimize the heavy traffic congestion existing in Colombo and its suburbs.

This LRT System has been designed to establish the connectivity between the major Administrative Hubs with commercial corridors and the densely populated residential areas situated adjacent to Colombo. This LRT System will also be developed so as to provide easy access to the Expressway Network and Multi-Model Transport Hubs.

Under the LRT System project, it has been planned to construct a LRT System 17 km in length with 16 Stations from the Multi-Model Transport Hub in Colombo Fort to Malabe Depot with an investment of JPY 246,641 million from Japan.

The Japan International Cooperation Agency has extended its willingness to grant JPY 200,415 million (US$ 1.86 billion) out of the total expenditure anticipated for the project.

The proposal made by Finance Minister to conduct loan Negotiations and to enter into a loan agreement for the purpose, was approved by the Cabinet.


ColomboPage - Recent 10 Stories ::
Many projects implemented under guidance of Plantation Minister to boost rubber industry
-- [5 hours ago]
Sri Lanka PM says unity government spent over Rs. 1.3 trillion to improve education and health
-- [6 hours ago]
UNDP hosts dialogue on Youth Leadership, Innovation and Entrepreneurship in Sri Lanka next week
-- [7 hours ago]
First Sri Lankan women graduate from Army School of Ceremonial in UK
-- [7 hours ago]
Sri Lanka to receive $1 billion Bank of China loan this quarter - report
-- [8 hours ago]
Human Rights Watch says Sri Lanka's political crisis threatens justice efforts
-- [8 hours ago]
Germany authorities arrest suspect in the assassination of Sri Lanka Foreign Minister in 2005
-- [9 hours ago]
Sri Lanka President signs three loan agreements totaling $ 455 mn with ADB
-- [9 hours ago]
President appoints Commission to probe corruption and malpractice during unity government
Health Ministry bans handling prepared foods by hand

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.