India eyes US$618mn rail track, rolling stock deals in Sri Lanka

ECONOMYNEXT – India is interested in building a rail track to the eastern port city of Trincomalee which may cost 300 million dollars and bid for 318 million dollar rolling stock and track upgrade deals, a statement said.

Visiting Sri Lanka Minister of Development Strategies and International Trade Malik Samarawickrama, had met Manoj Sinha, Minister of State for Railways on July 05.

IRCON, an Indian state railway construction firm had already submitted bids to upgrade three sections of a rail track from Colombo to Jaffna.

India had earlier re-built and upgraded the track from Jaffna to Omanthai where trains can travel fast. But trains have to slow down from then on. Track upgrades will cut travel time from Jaffna to Colombo.

IRCON has submitted proposals to upgrade sections from Omanthai to Anuradhapura, from Anuradhapura to Maho and from Maho to Polgahawela, using 150 million dollars from 318 million dollar credit line offered to Sri Lanka.

India’s RITES, another state company had bid on May 18 to supply 6 diesel multiple units with two power cars and 12 coaches (106 million dollars), 160 passenger coaches (106 million dollars) and rehabilitate track (150 million dollars) along with 10 locomotives. (Colombo/July06/2016)

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